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Oriole Company has the following data for the weekly payroll ending May 31: Hours Worked Employee M Tu W Th F S Hourly Rate CPP
Oriole Company has the following data for the weekly payroll ending May 31:
Hours Worked | ||||||||||||||||||||||||
Employee | M | Tu | W | Th | F | S | Hourly Rate | CPP Deduction | Income Tax Withheld | Health Insurance | ||||||||||||||
A. Kassam | 14 | 9 | 10 | 9 | 5 | 8 | $18 | $52.36 | $125.30 | $9 | ||||||||||||||
H. Faas | 8 | 8 | 9 | 10 | 8 | 6 | 9 | 20.50 | 60.75 | 20 | ||||||||||||||
G. Labute | 10 | 13 | 4 | 7 | 13 | 0 | 20 | 46.66 | 135.85 | 20 |
Employees are paid 1.5 times the regular hourly rate for all hours worked over 40 hours per week. Oriole Company must make payments to the workers compensation plan equal to 2% of the gross payroll. In addition, Oriole matches the employees health insurance contributions and accrues vacation pay at a rate of 4%.
Prepare the payroll register for the weekly payroll. Calculate each employees EI deduction at a rate of 1.66% of gross pay.
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