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Newton's DJ Service has three employees who work on an hourly basis and are paid weekly. The current CPP rate is 5.10%, the current El
Newton's DJ Service has three employees who work on an hourly basis and are paid weekly. The current CPP rate is 5.10%, the current El rate is 1.62%, and the appropriate income tax rate is 23%. Each employee contributes a portion of his or her pay to the United Way. Payroll information for the week ending December 20,2019, is listed below. (No employee has reached the maximum for CPP and El deductions.) (Click the icon to view the payroll information.) Requirements a. Calculate gross and net pay for each employee (employees are paid overtime rate of 1.5 after working 40 hours), and complete the payroll register. Remember to properly account for the $3,500 exemption. b. Prepare a journal entry to record this payroll. Payroll information a. Calculate gre and complete the p blank. Do not e a. Calculate gross and net pay for each employee (employees are paid overtime rate of 1.5 after working 40 hours), and complete the payroll register. Remember to properly account for the $3,500 exemption. (Leave any cells with a zero balance blank. Do not enter a "0." Round your answers to the nearest cent.) Newton's DJ Service has three employees who work on an hourly basis and are paid weekly. The current CPP rate is 5.10%, the current El rate is 1.62%, and the appropriate income tax rate is 23%. Each employee contributes a portion of his or her pay to the United Way. Payroll information for the week ending December 20,2019, is listed below. (No employee has reached the maximum for CPP and El deductions.) (Click the icon to view the payroll information.) Requirements a. Calculate gross and net pay for each employee (employees are paid overtime rate of 1.5 after working 40 hours), and complete the payroll register. Remember to properly account for the $3,500 exemption. b. Prepare a journal entry to record this payroll. Payroll information a. Calculate gre and complete the p blank. Do not e a. Calculate gross and net pay for each employee (employees are paid overtime rate of 1.5 after working 40 hours), and complete the payroll register. Remember to properly account for the $3,500 exemption. (Leave any cells with a zero balance blank. Do not enter a "0." Round your answers to the nearest cent.)
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