The book keeper for P into Co. of Peter borough gathered the following data from employee earnings

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The book keeper for P into Co. of Peter borough gathered the following data from employee earnings records as well as daily time cards. Your task is (1) to complete a payroll register on November 5 and (2) to journalize the appropriate entry to record the weekly payroll.
Assumptions
1. Income tax (federal and provincial), CPP, and EI are from tables at the end of this chapter
2. Each employee contributes $20 per week for health insurance.
3. Overtime is paid at a rate of time-and-a-half over 40 hours per week, or 8 hours in any given day.
The book keeper for P into Co. of Peter borough

*Both of these employees exceeded the EI maximum last pay period.

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Related Book For  book-img-for-question

College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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