COMPREHENSIVE IN CLASS NET PAY CALCULATION

COMPREHENSIVE NET PAY CALCULATION 20% IN THE FINAL

Problem: 1 10 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 in a separate tables)

2.Gross pay of each worker

3.CPP deduction

4.EI deduction

5.Provincial income tax

6.Federal income tac

7.Total income tax

8.Total deduction

9.CPP benefit expense to employer

10. EI benefit expense to employer

11. Total payroll liability payable by the employer

ProblemNo: 2 ( 10 marks)

The following are working in JOHN companyon weekly basis on claims code 2 basis in Ontario.

EmployeeHours WorkedPay Rateuniondonation

C. White44$301020

J. Wozowski46101020

K. Hurt39141020

M. Khan42221020

Calculate the following and write the payrollreporting journal entries.

For the following pay periods

1.Weekly 2. Bi weekly 3. Semi monthly 4. monthly

(show 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

Please solve it as soon as possible.