Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 PDOC yroll and t Salary income $ 1,980.00 Federal tax deduction 213.44 Provincial tax deduction 131.54 liability on Total tax deductions 344.98 CPP deductions

image text in transcribed

image text in transcribedimage text in transcribed
1 PDOC yroll and t Salary income $ 1,980.00 Federal tax deduction 213.44 Provincial tax deduction 131.54 liability on Total tax deductions 344.98 CPP deductions 90.79 El deductions 32.87 Total deductions 468.64 Net amount $ 1,511.36 Print Done t fields and nem ComTumTUMThe PDOC for Ike Sutter shows the following information: i (Click the icon to view the PDOC.) Prepare the journal entries to record the accrual of this payroll and the related employer's liability on June 30. Employment Insurance Payable 32.87 Employee Income Tax Payable 344.98 Salaries Payable 1,511.36 Prepare the journal entry to record the related employer's liability on June 30. (Enter debits first, then credits. Explanations are not requ Date Accounts and Explanation Debit Credit Jun. 30 Salaries Expense Canada Pension Plan Payable 90.79 Employment Insurance Payable Choose from any list or enter any number in the input fields and then continue to the next question Type here to search O

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Accounting questions