Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer in 20 minutes Question 5 [20 points) The following information as to earnings and deductions for the two week pay period ended February
please answer in 20 minutes
Question 5 [20 points) The following information as to earnings and deductions for the two week pay period ended February 24 was taken from XYZ Corporation's payroll records Fill in the table below assuming that. Er is calculated at 188%, income tax at 19%, and CPP at 4.96 of annualcoming greater than $3.500 and less than $50,100. Pleso make sure your final answer(s) are accurate to 2 decimal places Employee Gross pay income tax Medical inmunoCPP Erpremamo deducto No Jack Tasker 600 114 14.40 Stan Frey 750 142.50 18 John Jarell 750 14250 18 Total 2.100 399 50.40 b) Prepare a journal entry to record the payroll assuming all employees work in the office Enter an appropriate description and enter the date in the format ddim ( 15 Jan) General Journal Page GT Date Account Explanation F Dobit Credit Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started