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Assume that payroll records of a branch of Indigo Books provided the following information for the weekly pay period ended December 18, 2012: Lucy Bourdon
Assume that payroll records of a branch of Indigo Books provided the following information for the weekly pay period ended December 18, 2012: Lucy Bourdon and Maurice Lamont work in the office, and Maura Wells and Carl Boyd are sales staff. All employees are paid time and a half for hours worked in excess of 40 hours per week. Show computations. Explanations are not required for journal entries. Required Enter the appropriate information in a payroll register similar to Exhibit 11-6. Record the payroll information in the general journal, crediting net pay to Cash. The employer's payroll costs arecalculated by ing the employee's CPP contribution (employee rate 4.95 percent: maximum exist2, 306.70) and paying 1.4 times the employee's EI premium (employee rate 1.83 percent: maximum exist839.97). Record the employer's payroll costs in the general journal. Why is no cpp or El deducted for Boyd
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