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Murray Klyn is paid $980 for a 40-hour workweek and time and a half for hours worked above 40. Klyn worked 60 hours durina the
Murray Klyn is paid $980 for a 40-hour workweek and time and a half for hours worked above 40. Klyn worked 60 hours durina the first week of February. Klyn is single, and his income tax withholding is 20 percent of total pay. His only payroll
deductions are taxes withheld, CPP of 4.95 percent, and El of 1.66 percent. Klyn's employer, Jones Ski Corp., pays all the standard payroll expenses plus benefits for employee pensions (8 percent of gross pay), BC health insurance ($16 per
employee per week), and disability insurance ($2 per employee per week). Assume February has four pay periods.
(Click the icon to view payroll information.)
Journalize for Jones Ski Corp. the following expenses related to the employment of Murray Klyn on February 7:
Salary expense with payment to the employee
d. Benefits
Employer payroll expenses
(Round all amounts to the nearest cent.)
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