The payroll records of Wailee Company provided the following information for the weekly pay period ended March
Question:
The payroll records of Wailee Company provided the following information for the weekly pay period ended March 23, 2018:
Required
1. Enter the relevant information in the proper columns of a payroll register and complete the register; calculate CPP and EI deductions. Charge the wages of Auleen Carson to Office Wages Expense and the wages of the remaining employees to Service Wages Expense. Calculate income tax deductions at 20% of gross pay. Employees are paid an overtime premium of 50% for all hours in excess of 40 per week.
2. Prepare general journal entries to record the payroll register information, including the employer?s expenses.
Step by Step Answer:
Fundamental Accounting Principles Volume I
ISBN: 978-1260305821
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann