Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

1. The following information as to earnings and deductions for the weekly pay period ended March 9,2021 was taken from a company's payroll records: 10

image text in transcribed
image text in transcribed
1. The following information as to earnings and deductions for the weekly pay period ended March 9,2021 was taken from a company's payroll records: 10 marks Employees' Names Weekly Gross Pay Hellen Craig Joseph Lim $720 610 $1,330 Earnings to End Income Taxes of Previous week $ 12,510 $106.20 10,320 79.70 $ 185.90 Health Insurance Deductions $ 24.00 24.00 $ 48.00 Calculate-a) Net pay for each employee b) Employees' El and CPP withholdings ( show your work) c) Employer's contribution towards CPP and El. 4.Complete the following table of assets and expenses purchased during the month of April. The business operates in BC. Record the General Journal entry for each Purchase. 4+4=8 marks 5% GST 7% PST Total Item Value Office $ 90.00 Supplies Equipment 630.00 Merchandise 895.00 tools 1000.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions