Question
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. Biweekly 3. Semi monthly 4 .monthly
(show ALL in a separate tables)
2. Gross pay of each worker3. CPP deduction4. EI deduction5. Provincial income tax6. Federal income tac7. Total income tax8. Total deduction9. CPP benefit expense to employer10. EI benefit expense to employer11. Total payroll liability payable by the employer 12. PASS ALL PAYROLL REPORTING JOURNAL ENTRIES
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started