E10.17 (LO 3) AP Ahmad Company has the following data for the weekly payroll ended May 31:
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Question:
E10.17 (LO 3) AP Ahmad Company has the following data for the weekly payroll ended May 31:
Hours Worked
Employee M Tu W Th F S
Hourly
Rate
CPP
Deduction
Income Tax
Withheld
Health
Insurance
A. Kassam 9 8 9 8 10 3 $13 $29.17 $81.25 $10
H. Faas 8 8 8 8 8 5 14 29.59 83.90 15
G. Labute 9 10 9 10 8 0 15 33.05 98.85 15
Employees are paid 1.5 times the regular hourly rate for all hours worked over 40 hours per week.
Ahmad Company must make payments to the workers compensation plan equal to 2% of the gross payroll. In addition, Ahmad matches the employees health insurance contributions and accrues vacation
pay at a rate of 4%.
Instructions
a. Prepare the payroll register for the weekly payroll. Calculate each employees EI deduction at a rate
of 1.66% of gross pay.
b. Record the payroll and Ahmad Companys employee benefi ts
Posted Date: