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Matyas Company completed the salary and wage payroll for April of the current year. The payroll provided the following details: Salaries and wages earned Employee
Matyas Company completed the salary and wage payroll for April of the current year. The payroll provided the following details: Salaries and wages earned Employee income taxes withheld CPP contributions EI contributionst Union dues withheld Insurance premiums withheld $ 227,000 56,500 11,600 3,000 3,100 1,100 *$11,600 each for employer and employees. Employment Insurance, employees' share. 2. Prepare the journal entry to record the employer's additional payroll expenses. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list View journal entry worksheet Dabit Credit 4-a. What was the total compensation expense for the company? Total compensation expense 4-b. What percentage of the payroll was take-home pay? (Round the final answer to nearest whole percentage.) Take-home pay % 3. Prepare a combined journal entry to show the payment of amounts owed to governmental agencies and other organizations. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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