Question: COMPREHENSIVE IN CLASS NET PAY CALCULATION COMPREHENSIVE NET PAY CALCULATION 20% IN THE FINAL Problem: 1 20 marks Draper Company, Ontario has the following workers

COMPREHENSIVE IN CLASS NET PAY CALCULATION

COMPREHENSIVE NET PAY CALCULATION 20% IN THE FINAL

Problem: 1 20 marks

Draper Company, Ontario has the following workers data on cc code 2 for the yearly payroll ending March 31:

Employee

Weekly Hours Worked

Annual pay

A

48

26000

B

45

24000

C

42

23000

D

41

22000

E

40

20000

Calculate the following and write the payroll reporting journal entries if the workers are paid

1.Weekly

2. Bi-weekly

3. Semi - monthly

4. monthly

(Show ALL in a separate tables)

1. Gross pay of each worker

2. CPP deduction

3. EI deduction

4. Provincial income tax

5. Federal income tac

6. Total income tax

7. Total deduction

8. CPP benefit expense to employer

9. EI benefit expense to employer

10.Total payroll liability payable by the employer

11.PASS ALL PAYROLL REPORTING JOURNAL ENTRIES

Please answer whole question

Needed ASAP

Upvote will be provided

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