The payroll records of Radii Video Productions Inc. provide the following information for the weekly pay period

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The payroll records of Radii Video Productions Inc. provide the following information for the weekly pay period ended September 21:

The payroll records of Radii Video Productions Inc. provide the

Tally Allard and George White work in the office, and Molly Dodge and Luigi Valenti work in sales. All employees are paid time and a half for hours worked in excess of 40 hours per week. Assume that the company contributes an amount equal to 8 percent of each employee's gross pay to a retirement program. Each employee also accrues 4 percent vacation pay based on the gross pay. Show computations.
Required
1. Enter the appropriate information in a payroll register similar to Exhibit 11-8 .
2. Record the payroll information in the general journal, crediting net pay to Cash.
3. The employer's payroll costs include matching each employee's CPP contribution and paying 1.4 times the employees' EI premium. Record the employer's payroll costs in the general journal.
4. Why was there no deduction of CPP or EI for Dodge and no deduction of EI for Valenti?
5. What would be the vacation pay liability for Radii Video Productions Inc.?

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Horngrens Accounting

ISBN: 978-0133855371

10th Canadian edition Volume 1

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

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