The payroll records of Jasper Co. provided the following data for the weekly pay period ended December
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Question:
The payroll records of Jasper Co. provided the following data for the weekly pay period ended December 7.
Medical
Gross Previous Income Insurance Union United
Employee Pay Week Taxes Deduction Dues Way
A $500 $6,000 $100 $30 $15 $10
B 600 6,500 120 30 15 20
C 700 5,500 202 50 0 30
Canada Pension Plan is 3.2 percent of the pensionable earnings and
Employment Insurance is 2.7 percent of the Insurable earnings.
Prepare the journal entries to accrue the payroll and to record payroll tax expense.
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian Edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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