Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lazy Rivertents canoes and other water crafts to campers and hikers. On September 15, 2019. Lay liver prepared the semi-monthly payroll for their employees. The

image text in transcribed
image text in transcribed
Lazy Rivertents canoes and other water crafts to campers and hikers. On September 15, 2019. Lay liver prepared the semi-monthly payroll for their employees. The current CPP STX, the 11.02%and the appropriate income tax rate is 19%. The employer pays half of the health care premium, and the employees pay the other half. Assume the employer contributes 100 was the people and 1405 towards employment insurance Payroll information for September 15, 2019 is listed below Employee Total Hour Hourly Rate Health Care M. Smith 72.00 1530 19.00 Son 57.00 15.00 32.00 17.00 Donate con in the boxes Bound you deci Category for each employee Payroll Register Deductions CPP Employer Grow Income Tax Health Care Total Deductions Net Pay b) Calculate the employer contributions: Employer Contributions pt El Health Care On September 15, 2019. Lazy River prepared a journal entry to record the salaries payable. Prepare the entry to pay the employees on September 17, 2019 Date Account Title and Explanation Debit Credit Sep 17 Pay employees d) Prepare the entry to pay the liability to the health insurance company on September 30, 2019. Date Account Title and Explanation Debit Credit . Sep 20 Poy health care liability Lazy Rivertents canoes and other water crafts to campers and hikers. On September 15, 2019. Lay liver prepared the semi-monthly payroll for their employees. The current CPP STX, the 11.02%and the appropriate income tax rate is 19%. The employer pays half of the health care premium, and the employees pay the other half. Assume the employer contributes 100 was the people and 1405 towards employment insurance Payroll information for September 15, 2019 is listed below Employee Total Hour Hourly Rate Health Care M. Smith 72.00 1530 19.00 Son 57.00 15.00 32.00 17.00 Donate con in the boxes Bound you deci Category for each employee Payroll Register Deductions CPP Employer Grow Income Tax Health Care Total Deductions Net Pay b) Calculate the employer contributions: Employer Contributions pt El Health Care On September 15, 2019. Lazy River prepared a journal entry to record the salaries payable. Prepare the entry to pay the employees on September 17, 2019 Date Account Title and Explanation Debit Credit Sep 17 Pay employees d) Prepare the entry to pay the liability to the health insurance company on September 30, 2019. Date Account Title and Explanation Debit Credit . Sep 20 Poy health care liability

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

The Principles And Practice Of Auditing

Authors: George Puttick, Sandra Van Esch

8th Edition

0702156914, 978-0702156915

More Books

Students also viewed these Accounting questions

Question

4. What are the major types of SCM software?

Answered: 1 week ago

Question

Draw a labelled diagram of the Dicot stem.

Answered: 1 week ago