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An employer has calculated the following amounts for an employee during the last week of December 2 0 2 0 . Gross Wages $ 2
An employer has calculated the following amounts for an employee during the last week of December
Gross Wages $
Income Taxes $
Canada Pension Plan $
Employment Insurance $
Workers' Compensation $
Do not enter dollar signs or commas in the input boxes.
Round your answer to decimal places.
Required
a Calculate the employees net pay.
Net Pay $Answer
b Assuming the employers contribution is for CPP and for EI what is the employers total expense?
Total Employer Expense $Answer
c Prepare the journal entries to record payroll for the employee and record the employer's contribution. Assume the employee was paid immediately.
For transactions with more than one credit, enter the credit accounts in alphabetical order.
Date Account Title and Explanation Debit Credit
Dec Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Record payroll
Dec Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Record additional employer expenses
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