Sunflower Shop in Oakville, Ontario employs an assistant manager, Anna Swanson, and a part-time assistant, Louise...
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Sunflower Shop in Oakville, Ontario employs an assistant manager, Anna Swanson, and a part-time assistant, Louise Bélanger, to operate the flower shop. Anna has an annual salary of $50.000 and Louise is paid $16 per hour. Both employees are paid biweekly (every two weeks). In the pay period ended May 31.2021. Louise worked 90 hours and is paid time and one half for hours worked in excess of 80 Determine the gross and net pay of each employee, using the following tabie. Federal Provincial Total CPP El Tax Tax Tax Anna Swanson Louise Belanger $88.53 $31.92 $219.33 $111.34 $330.67 $68.58 $25.23 $145.80 $74.32 $220.12 (Round onswers to 2 decimal places, eg 52.75J Anna Swanson Louise Belanger Gross pay Net pay DELL Prepare the journal entry to record the payment of the May 31 payroll to employees. (Round answers to 2 decimal places, eg. 52.75. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit May 31 Prepare a journal entry on May 31 to accrue Sunflower Shop's employer payroll costs. Assume that Sunflower Shopsassesed Workers Compensation at a rate of 2% per pay period and accrues for vacation piay at a rate of per pav periad (R answers to 2 decimal places, eg. 52.75. Credit account titles are automatically indented when the amount is enternd Do not indent manually. If no enitry is required, select "No Entry" for the account titles and enter O for the amounts Debit Credit Date Account Titles and Explanation DELL Prepare the journal entry to record Sunflower's remittance to the Receiver General for the payroll of May 31. The cheque is issued on June 15, 2021. (Round answers to 2 decimal places, eg. 52.75. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts) Date Account Titles and Explanation Debit Credit June 15 Save for Later Attempts: O of 1 used Subt Ai wl DELL PrtScr Inwert F11 %23 F10 F12 F6 F7 FB F9 F1 F2 F3 F4 F5 Sunflower Shop in Oakville, Ontario employs an assistant manager, Anna Swanson, and a part-time assistant, Louise Bélanger, to operate the flower shop. Anna has an annual salary of $50.000 and Louise is paid $16 per hour. Both employees are paid biweekly (every two weeks). In the pay period ended May 31.2021. Louise worked 90 hours and is paid time and one half for hours worked in excess of 80 Determine the gross and net pay of each employee, using the following tabie. Federal Provincial Total CPP El Tax Tax Tax Anna Swanson Louise Belanger $88.53 $31.92 $219.33 $111.34 $330.67 $68.58 $25.23 $145.80 $74.32 $220.12 (Round onswers to 2 decimal places, eg 52.75J Anna Swanson Louise Belanger Gross pay Net pay DELL Prepare the journal entry to record the payment of the May 31 payroll to employees. (Round answers to 2 decimal places, eg. 52.75. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit May 31 Prepare a journal entry on May 31 to accrue Sunflower Shop's employer payroll costs. Assume that Sunflower Shopsassesed Workers Compensation at a rate of 2% per pay period and accrues for vacation piay at a rate of per pav periad (R answers to 2 decimal places, eg. 52.75. Credit account titles are automatically indented when the amount is enternd Do not indent manually. If no enitry is required, select "No Entry" for the account titles and enter O for the amounts Debit Credit Date Account Titles and Explanation DELL Prepare the journal entry to record Sunflower's remittance to the Receiver General for the payroll of May 31. The cheque is issued on June 15, 2021. (Round answers to 2 decimal places, eg. 52.75. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts) Date Account Titles and Explanation Debit Credit June 15 Save for Later Attempts: O of 1 used Subt Ai wl DELL PrtScr Inwert F11 %23 F10 F12 F6 F7 FB F9 F1 F2 F3 F4 F5
Expert Answer:
Answer rating: 100% (QA)
First of all we will calculate the gross pay Anna Swanson 5000026 192308 Louise Belanger ... View the full answer
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date:
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