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An employee has the following information for his pay for the week ending April 26, 2021. His employer contributes 100% toward CPP and 140% toward
An employee has the following information for his pay for the week ending April 26, 2021. His employer contributes 100% toward CPP and 140% toward EL. Vacation pay is accrued at 4% of gross pay. Workers Compensation is 0.8% of gross pay. Any hours worked over 44 per week are paid overtime at 1.5 times the hourly rate. Income tax is deducted at a rate of 25% Chapter 11 Required a) Calculate gross pay. B) Prepore the joumal erdry to recand the puyrol entry for the employea the errgloyed mil be pad immalarily c) Prepare the jowenal entry to secord accrued vacabion paty. d) Plepare the foumal entry to record the emplogert poypol expense Payoot chuster 11 e) Prepare the jourat entry on May 9, 20e 1, to record the cash poyment for statutary amounts owed to the cra. f) Prepare the fourhal entry on May 15, J521, to record the caah payment to Workers Compensation
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