Mark Kyle is paid $880 for a 40 hour work week and time and a half for hours above 40. Kyle worked 55 hours during the first week of february. Kyle is single, and his income tax withholding is 30% of total pay. His only payroll deductions are taxes withheld, CPP or 4.95%, and EI of 1.66%. Kyle's employer, Jones Ski Corp., pays all the standard payroll expenses plus benefits for employees pensions (8% of gross pay), BC health insurance ($16 per employee per week), and disability insurance ($2 per employee per week).

Journalize for Jones Ski Corp, the remittance of this payroll to CRA on March 15.

1 Payroll information 495.00 68.06 Straight-time pay Employee income tax withheld CPP withheld El withheld Health insurance 880.00 Overtime pay 412.50 CPP-employer's share 68.06 El employer's share 22.83 Pension 16.00 Disability insurance 31.96 110.00 2.00 Payroll journal entries Journal Entry Accounts Debit Credit 1,375.00 Feb. 871.61 412.50 17 Salary Expense Salary Payable Employee Income Tax Payable Canada Pension Plan Payable Employment Insurance Payable Journal Entry 68.06 22.83 Debit Credit Accounts 110.00 Feb. 16.00 2.00 17 Pension Expense Provincial Health Insurance Expense Disability Insurance Expense Employee Benefits Payable Journal Entry 128.00 Accounts Debit Credit 100.02 Feb. 68.06 17 Employee Benefits Expense Canada Pension Plan Payable Employment Insurance Payable 31.96 (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Credit Accounts Debit Mar. 15