Chapter $10-$ Homework Assignment

The payroll records of C & R Toys provided the following information for the weekly pay period ended August $2.$

Note: All employees are paid $1\mathrm{.}5$ times their hourly wage for hours worked in excess of $40$ hours per week.

Requirements

Calculate and record the regular earnings, overtime earning $($if any$)$ and gross earnings for each employee.

Calculate and record total income tax $(20\mathrm{.}05\%($both federal and provincial$))$ for each employee.

Calculate and record CPP $(5\mathrm{.}95\%)$ for each employee.

Calculate and record $EI(1\mathrm{.}63\%)$ for each employee.

Calculate totals for each column.

Calculate Net Pay.

Journalize the appropriate entry to record the weekly payroll. C & R TOYS

PAYROLL REGISTER C & R TOYS

GENERAL JOURNAL

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