Question
1. a ) The employees of The Fashion Factory completed the number of pieces indicated during the workweek ending June 30: P.Cardin 1,050 J. Woolly
1. a ) The employees of The Fashion Factory completed the number of pieces indicated during the workweek ending June 30: P.Cardin 1,050 J. Woolly 1,040 T. Bloomer 1,030 R. Napp 1,020 b) Calculate the gross pay for each employee using the following plan- First 500 pieces $0.50 each Next 300 pieces $ 0.60 each Next 200 pieces $ 0.70 each Over 1,000 pieces $0.90 each c) Calculate CPP, EI and income tax(Federal ) for each employee. For CPP and EI deduction consider the 2021 rate and 15% for a tax deduction. d) Record the compound General Journal entry for this payroll on June 30.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started