Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Draper Company has the following data for the weekly payroll ending March 31: Employee Hours Worked Health Hourly Rate Insurance Peter 48 $25 10.00 Queen

image text in transcribed
Draper Company has the following data for the weekly payroll ending March 31: Employee Hours Worked Health Hourly Rate Insurance Peter 48 $25 10.00 Queen 40 25 15.00 Rani 25 13 5.00 Solman 45 15 15.00 Trent 10 13 5.00 Calculate the following and write the payroll reporting journal entries. 1. Gross pay of each worker 2. CPP deduction 3. EI deduction 4. Provincial income tax 5. Federal income tac 6. Total income tax 7. Total deduction 8. CPP benefit expense to employer 9. El benefit expense to employer 10. Total payroll liability payable by the employer Draper Company has the following data for the weekly payroll ending March 31: Employee Hours Worked Health Hourly Rate Insurance Peter 48 $25 10.00 Queen 40 25 15.00 Rani 25 13 5.00 Solman 45 15 15.00 Trent 10 13 5.00 Calculate the following and write the payroll reporting journal entries. 1. Gross pay of each worker 2. CPP deduction 3. EI deduction 4. Provincial income tax 5. Federal income tac 6. Total income tax 7. Total deduction 8. CPP benefit expense to employer 9. El benefit expense to employer 10. Total payroll liability payable by the employer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Audit Of Police Oversight In Africa

Authors: African Police Oversight Forum

1st Edition

1920299173, 978-1920299170

More Books

Students also viewed these Accounting questions

Question

Name the types of cash flows associated with operating activities.

Answered: 1 week ago