Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Draper Company, Ontario has the following workers data on cc code 2 for the yearly payroll ending March 31: Employee weekly Hours Worked Annual pay

Draper Company, Ontario has the following workers data on cc code 2 for the yearly payroll ending March 31:

Employee weekly Hours Worked Annual pay

A 48 26000

B 45 24000

C 42 23000

D 41 22000

E 40 20000

Calculate the following and write the payroll reporting journal entries if the workers are paid

1.Weekly 2. Bi weekly 3. Semi monthly 4 . monthly

(show in a separate tables)

2.Gross pay of each worker

3.CPP deduction

4.EI deduction

5.Provincial income tax

6.Federal income tac

7.Total income tax

8.Total deduction

9.CPP benefit expense to employer

10. EI benefit expense to employer

11. Total payroll liability payable by the employer

ProblemNo: 2

The following are working in JOHN companyon weekly basis on claims code 2 basis in Ontario.

EmployeeHours WorkedPay Rateuniondonation

C. White44$301020

J. Wozowski46101020

K. Hurt39141020

M. Khan42221020

Calculate the following and write the payrollreporting journal entries.

For the following pay periods

1.Weekly 2. Bi weekly 3. Semi monthly 4. monthly

(show in a separate tables)

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.EI 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

Managerial Accounting

Authors: James Jiambalvo

7th Edition

1119577721, 978-1119577720

More Books

Students also viewed these Accounting questions