The payroll records of Russon Company's district office provided the following information for the weekly pay period
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The payroll records of Russon Company's district office provided the following information for the weekly pay period ended January 27, 2019. All employees are paid 1.5 times their hourly wage for hours worked in excess of 40 hours per week. The company contributes 100% for its share of CPP, and 140% of EI.
Employee | Hours Worked | Hourly Rate | Income Tax | CPP | EI | Union Dues |
Diane Ferenbach | 38 | $13.00 | $49 | $22 | $8 | $10 |
Clay York | 37 | $12.00 | $44 | $19 | $7 | $10 |
Karen Krigner | 40 | $16.00 | $64 | $29 | $10 | $10 |
Jonas Brittany | 47 | $13.00 | $66 | $30 | $11 | $10 |
Do not enter dollar signs or commas in the input boxes.
Round your answer to 2 decimal places.
a) Calculate gross and net pay for each employee.
Payroll Register | |||||||
Deductions | Employer's Cost | ||||||
Employee | Gross | Income Tax | CPP | EI | Union Dues | CPP | EI |
Diane Ferenbach | $Answer | $Answer | $Answer | $Answer | $Answer | $Answer | $Answer |
Clay York | $Answer | $Answer | $Answer | $Answer | $Answer | $Answer | $Answer |
Karen Krigner | $Answer | $Answer | $Answer | $Answer | $Answer | $Answer | $Answer |
Jonas Brittany | $Answer | $Answer | $Answer | $Answer | $Answer | $Answer | $Answer |
Total | $Answer | $Answer | $Answer | $Answer | $Answer | $Answer | $Answer |
b) Prepare the payroll journal entries for January 27, 2019.
c) Prepare a journal entry to record the cash payment of the payroll liabilities due to the CRA on February 15, 2019.
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