Question
1.Jasmine had a semi-monthly gross pay of $2,000. She had $500 deducted for income tax, $91 deducted for CPP and $37 deducted for EI. Calculate
1.Jasmine had a semi-monthly gross pay of $2,000. She had $500 deducted for income tax, $91 deducted for CPP and $37 deducted for EI. Calculate (a) how much must the employer must contribute for EI and (b) how much the total liability will be for EI.
2.
What is the entry to record employer payroll contributions?
Select one:
a. Debit payroll deductions payable, credit cash
b. Debit salaries expense, credit cash
c. Debit employee benefits expense, credit various payroll liability accounts
d. Debit various payroll liability accounts, credit employee benefits expense
3.
et pay is the net amount:
Select one:
a. Received by the employee.
b. The gross amount less the net amount.
c. Received by the employer.
d. Received by the employee less additional amounts payable by the employer.
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