Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Maria Morales works in the Bob Store's company, her shift for the previous week was 47 hours at a 14 dollars per hour rate, and

Maria Morales works in the Bob Store's company, her shift for the previous week was 47 hours at a 14 dollars per hour rate, and a premium of 50% for every additional hour after 40 hours. The EI deduction is calculated as the 1.5% of her gross pay and the CPP is 50 dollars. Maria saves 30 dollars per week in her private pension savings account and also donates 10 dollars a week to the Salvation Army. Find the gross pay, the deductions, and the net pay for Maria, then, record the payroll in the journal, assume the payroll was paid using cash, the employer matches Maria's deduction for CPP and EI 1.5 times

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

Payroll Accounting 2017

Authors: Jeanette Landin, Paulette Schirmer

3rd edition

1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180

More Books

Students also viewed these Accounting questions

Question

Why is magnetic tape a popular storage medium?

Answered: 1 week ago

Question

Explain the factors influencing wage and salary administration.

Answered: 1 week ago

Question

Examine various types of executive compensation plans.

Answered: 1 week ago

Question

1. What is the meaning and definition of banks ?

Answered: 1 week ago

Question

5. How can I help others in the network achieve their goals?

Answered: 1 week ago