Sampson Company has three employees who are paid on an hourly basis, plus time and a...
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Sampson Company has three employees who are paid on an hourly basis, plus time and a half for hours in excess of 44 hours per week. Payroll information for the week ending February 16, 2021 is listed below. Employee Hours Worked Hourly Rate Income Tax CPP El Union Dues A. Knopf $157.52 $39.26 $12.44 B. Penguin D.House B. Penguin S 44 36 43 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. D.House S $17.90 $15.80 $17.40 Total $113.76 $27.33 $8.99 $149,64 $37.11 $11.82 a) Calculate gross pay for each employee and the amount the employer will have to pay for CPP and El. Employee Gross Employer CPP Employer El A. Knopf $ $20.00 $20.00 $20.00 S Date 2021 Feb 16 Account Title and Explanation Salaries Expense Canada Pension Plan Payable : Employment Insurance Payable ✔ Income Tax Payable Salaries Payable Union Dues Payable ✓ # ✓ ✓ Record payroll Feb 16 Employee Benefits Expense Canada Pension Plan Payable Employment Insurance Payable ✔ Record additional employer expenses ✔ LAU Debit ent F Credit 30 3035 Con Feb 16 Employee Benefits Expense Canada Pension Plan Payable Employment Insurance Payable ✔ Record additional employer expenses c) Record the payment of the statutory deductions to the CRA on February 28, 2021. Date Account Title and Explanation Debit Credit 2021 Feb 28 Type here to search ✔ Canada Pension Plan Payable Employment Insurance Payable ✔ Income Tax Payable Cash Pay payroll liabilities due to CRA ✔ :✓ ✔ 99+ n > -3°C Clear Sampson Company has three employees who are paid on an hourly basis, plus time and a half for hours in excess of 44 hours per week. Payroll information for the week ending February 16, 2021 is listed below. Employee Hours Worked Hourly Rate Income Tax CPP El Union Dues A. Knopf $157.52 $39.26 $12.44 B. Penguin D.House B. Penguin S 44 36 43 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. D.House S $17.90 $15.80 $17.40 Total $113.76 $27.33 $8.99 $149,64 $37.11 $11.82 a) Calculate gross pay for each employee and the amount the employer will have to pay for CPP and El. Employee Gross Employer CPP Employer El A. Knopf $ $20.00 $20.00 $20.00 S Date 2021 Feb 16 Account Title and Explanation Salaries Expense Canada Pension Plan Payable : Employment Insurance Payable ✔ Income Tax Payable Salaries Payable Union Dues Payable ✓ # ✓ ✓ Record payroll Feb 16 Employee Benefits Expense Canada Pension Plan Payable Employment Insurance Payable ✔ Record additional employer expenses ✔ LAU Debit ent F Credit 30 3035 Con Feb 16 Employee Benefits Expense Canada Pension Plan Payable Employment Insurance Payable ✔ Record additional employer expenses c) Record the payment of the statutory deductions to the CRA on February 28, 2021. Date Account Title and Explanation Debit Credit 2021 Feb 28 Type here to search ✔ Canada Pension Plan Payable Employment Insurance Payable ✔ Income Tax Payable Cash Pay payroll liabilities due to CRA ✔ :✓ ✔ 99+ n > -3°C Clear
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a Calculate gross pay for each employee and the amount the employer will have to pay for CPP and El Employee Hours Worked Hourly Rate Gross Pay Employ... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
Posted Date:
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