Scoot Scooters has four employees who are paid on an hourly basis, plus time and a half for hours in excess of 40 hours a week. Payroll data for the week ended February 17, 2012, follow:

Instructions
(a) Prepare a payroll register for the weekly payroll.
(b) Record the payroll on February 15 and the accrual of employee benefits expense. Assume the company accrues 4% for vacation pay.
(c) Record the payment of the payroll on February 17.
(d) Record the payment of the employee benefits on March 15.
TAKING IT FURTHER
Does the owner of a proprietorship have to deduct CPP, EI, and income taxes from his or her own drawings?

Transcribed Image Text:

Employee Р. Kilchyk B. Quon C. Pospisil B. Verwey Total Hours 40 42 40 Hourly Rate $15.25 15.00 16.25 14.50 United Way $5.00 7.25 5.50 8.25 CPP $26.86 28.60 28.84 29.68 EI $11.16 11.80 11.90 12.21 Income Tax $76.60 83.70 84.10 87.10