Kate Goughs regular hourly wage rate is $22.05, and she receives a wage of 1.5 times the
Question:
Kate Gough’s regular hourly wage rate is $22.05, and she receives a wage of 1.5 times the regular hourly rate for work over 40 hours per week. Assuming June 15, 2021 is a Friday, Kate worked 44 hours for the pay period ended June 15, 2021. Kate lives in Ontario and has a claim code of 1 for tax deductions.
Instructions
a. Calculate Kate’s gross pay, payroll deductions, and net pay. Use Illustration 10A.5 to determine her income tax deductions.
b. Record Kate’s salary on June 15, assuming it was also paid on this date.
c. Record the employer’s related payroll costs on June 15, assuming they were not paid on this date.
Step by Step Answer:
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak