Assume that payroll records of a branch of Indigo Books provided the following information for the weekly pay period ended December 18, 2015: Lucy Bourdon
Assume that payroll records of a branch of Indigo Books provided the following information for the weekly pay period ended December 18, 2015:
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Lucy Bourdon and Maurice Lamont work in the office, and Maura Wells and Carl Boyd are sales staff. All employees are paid time and a half for hours worked in excess of 40 hours per week. Show computations. Explanations are not required for journal entries.
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 are calculated by 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 is no CPP or EI deducted for Boyd?
Year-to-Date Earnings at 40-Hour Canada Employ- Hours Weekly Income Pension ment United End of Worked Earnings Tax Plan Insurance Way Previous Employee Lucy Bourdon 45 $440 62.85 $22.53 $9.56 $16 $19,130.00 500 73.25 30.70 12.58 16 28,400.00 850 184.10 0.00 0.00 40 56,380.00 966,111) 50 49 Maurice Lamont 40 Maura Wells Carl Boyd 380 6.95 4
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Req 1 and 3 payroll register PAYROLL REGISTER GROSS PAY DEDUCTIONS NET PAY ACCOUNT DEBITED EMPLOYEE ... View full answer

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