How did we get the income tax 190.25 ?
9 Sharon Von Hatton is the only employee of a self-employed businessperson. She earned a monthly salary of $2,050 in February 2018, her first month of employment. In response to a citywide effort to obtain charitable contributions to the local United Way programs, Von Hatton has requested that her employer withhold 2% of her salary (after CPP, El, and income taxes have been deducted). Use 0/0 Payroll liabilities1, Payroll liabilities2, and Payroll liabilities3. points awarded Required: Scored 1. Determine CPP, El, and income tax deductions (assume claim code 1). (Round the final answers to 2 decimal places.) Click here to view the CPP Tables for 2018. Click here to view the El Tables for 2018. e Book CPP $ 87.04+/-0.1 E $ 34.03+/-0.1 Print Income tax deductions $ 190.25+/-0.1 References 2. Prepare the journal entry to record payroll expenses for the month of February 2018. (Round the final answers to 2 decimal places.) No Date General Journal Debit Credit 1 February 28 Salaries expense 2,050.00+/-0.1 El payable 34.03+/-0.1 CPP payable V 87.04+/-0.1 Employees' income taxes payable 190.25+/-0.1 United way payable 34.77+/-0.1 Salaries payable 1,703.91+/-0.12. Prepare the journal entry to record payroll expenses for the month of February 2018. (Round the final answers to 2 decimal places.) 0/0 points awarded No Date General Journal Debit Credit Scored 1 February 28 Salaries expense 2,050.00+/-0.1 El payable 34.03+/-0.1 CPP payable 87.04+/-0.1 Employees' income taxes payable 190.25+/-0.1 e Book United way payable 34.77+/-0.1 Salaries payable 1,703.91+/-0.1 Print References Explanation 1 Monthly salary $2, 050.00 CPP deducted $ 87. 04 EI deducted 34.03 Income tax withheld ($127.50 $62.75) 190.25 311 . 32 Salary, net of deductions $1, 738. 68 0. 02 Monthly contribution 34. 77\fFederal tax deductions Effective January 1.201s Monthly (12 pay periods a year) Also look up the tax deductions in the provincial table me Less than 1146 1146 1154 1 154 1162 1162 1170 1170 1178 1178 1186 1186 1194 1194 1202 1202 1210 1210 1218 1218 1226 1226 1234 1234 1242 1242 1250 1250 1258 1258 1266 1266 1274 1274 1282 1282 1290 1290 1298 1296 1306 1306 1314 1314 1322 1322 1330 1330 1338 1338 1346