Question
Mimis Crafts has three employees. They get paid bi-weekly (every two weeks). The following table lists the employees, the hours they worked over the last
Mimis Crafts has three employees. They get paid bi-weekly (every two weeks). The following table lists the employees, the hours they worked over the last two weeks and their pay rate. NAME HOURLY WAGE HOURS Goulet, Karine $14.00 88 Mala $13.50 76 Latka, Tyler $14.50 82 Any hours over 40 per week (or 80 in two weeks) is overtime and paid at 1.5 times the regular rate. Each employee donates $10 to a charity and contributes $25 to a health plan. The company matches the employees health plan deduction. Deductions for CPP(4.95%) and EI(1.88%) are calculated using the applicable rates provided. Assume income tax is calculated at 18% of their gross pay. Mimis Crafts also accrues 4% vacation pay for all employees and pays workers compensation at 0.6% of the gross pay. Required: a) Complete a payroll register for the bi-weekly payroll. b) Prepare a journal entry to pay the employees. c) Prepare a journal entry to accrue vacation pay. d) Prepare a journal entry to record the additional employer expense. e) Prepare a journal entry to make a government remittance on July 15, 2018 using just the numbers from this pay period.
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