The following data were taken from the payroll register of Eastcoastal Company: Gross Salary ............................................................. xxx Employees
Question:
The following data were taken from the payroll register of Eastcoastal Company:
Gross Salary ............................................................. xxx
Employees’ Income Tax Deductions ..................... xxx
EI Deductions......................................................... .. xxx
CPP Deductions........................................................ xxx
Hospital Insurance Deductions ............................. xxx
Union Dues Deductions.......................................... xxx
Eastcoastal contributes an equal amount to the hospital insurance plan, in addition to the statutory pay- roll taxes, and 6% of the gross salaries to a pension retirement program.
Required
Record in general journal form the payroll, payment of the employees, and remittance to the appropriate persons amounts owing in connection with the payroll.
Step by Step Answer:
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian Edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann