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Part 1 of 3 13 points O Points: 0 of 1 Save Brad Jackson works for a Bob's Burgers takeout for straight-time eamings of
Part 1 of 3 13 points O Points: 0 of 1 Save Brad Jackson works for a Bob's Burgers takeout for straight-time eamings of $15.25 per hour, with time and a half for hours in excess of 35 per wook Jackson's payroll deductions include income tax of 21 percent CPP of 4.95 percent on earnings (account for the $3,500 basic annual exemption), and El of 1.66 percent on eamings. In addition, he contributes $10 per week to his Registered Retirement Savings Plan (RSP) Assume Jackson worked 40 hours during the week. He has not yet reached the CPP or El maximum eamings levels Required 1. Compute Jackson's gross pay and net pay for the week. 2. Make a compound general journal entry for June 14 to record the restaurant's wage expense for Jackson's work, including his payrol deductions and the employer payroll costs Round at amounts to the nearest cent. An explanation is not required Requirement 1. Compute Jackson's gross pay and net pay for the week. (Round all intermediary and final answers to the nearest cent.) Total gross pay
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