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
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