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An employer has calculated the following amounts for an employee during the last week of November 2019. $1,500.00 $345.00 Gross Wages Income Taxes Canada Pension
An employer has calculated the following amounts for an employee during the last week of November 2019. $1,500.00 $345.00 Gross Wages Income Taxes Canada Pension Plan Employment Insurance Workers' Compensation $73.00 $24.00 $68.00 Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Required a) Calculate the employee's net pay.. Net Pay=$1058.00 b) Assuming the employer's contribution is 100% for CPP and 140% for El, what is the employer's total expense? Total Employer Expense = $ x c) Prepare the journal entries to record payroll for the employee and record the employer's contribution. Assume the employee was paid immediately. credit enter the credit accounts in alphabetical order.
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