Answered step by step
Verified Expert Solution
Question
1 Approved Answer
gabe tuthill is paid $880 for a 40 hour work week and time and a half hours above 40. tuthill worked 60 hours during the
gabe tuthill is paid $880 for a 40 hour work week and time and a half hours above 40. tuthill worked 60 hours during the first week of February. Tut hell is single and his income tax withholding is 22% of total pay. His only payroll deductions are taxes withheld, CPP of 4.95%, and EI of 1.66%. Tuthill employers, Jones ski corporation, pays all the standard payroll expenses plus benefits for employees pensions (6% of gross pay), BC health insurance ($12 per employee per week), and disability insurance (two dollars per employee per week). Assume February has four pay periods.
bet pidura do hour work and has worked withi wewe wwP95.cent and as of 156 Tuyet Support or Auto then ta view yormation Numer the wor? Wat the Emma Round all amount to the recent memory. Recordement Etudes Jumat intry Account Payroll information 13 Pin Don a. First, make the journal entry for the salary expense (Record debits first, then credits. Exclude explanation Journal Entry Accounts Debit Credit Feb 7 Salary Expense Cash Employee Income Tax Payable Canada Pension Plan Payable Employment Insurance Payable - 1 Payroll information 660.00 76:23 Straight-time pay Employee income tax withheld CPP withheld El withheld 880.00 Overtime pay 338.80 Cpp_employer's share 76 23 EI-employer's share 25.56 Pension 12.00 Disability insurance 35 78 92 40 200 Health insurance Print Done journalize for Jones ski corporation the following expenses related to the employment of Gabe Tuthill on February 7
a. salary expense with payment to the employee
b. benefits
c. employer payroll expenses
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