Answered step by step
Verified Expert Solution
Link Copied!

Question

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 companys payroll records: 10 marks

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

Employees Names

Weekly Gross Pay

Earnings to End of Previous week

Income Taxes

Health Insurance Deductions

Hellen Craig

$ 720

$ 12,510

$106.20

$ 24.00

Joseph Lim

610

10,320

79.70

24.00

$1,330

$ 185.90

$ 48.00

Calculate-a) Net pay for each employee

b) Employees EI and CPP withholdings ( show your work)

c) Employers contribution towards CPP and EI.

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

Auditing For Business Clause-Based Requirements

Authors: Robin Briar

1st Edition

B09PMDJ956, 979-8796274712

More Books

Students also viewed these Accounting questions

Question

Identify and control your anxieties

Answered: 1 week ago

Question

Understanding and Addressing Anxiety

Answered: 1 week ago