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Please fill out the attached form and do the calculations for the weekly earnings of Adam, Mahim and Malik. Including CPP and EI calculations with
Please fill out the attached form and do the calculations for the weekly earnings of Adam, Mahim and Malik.
Including CPP and EI calculations with the numbers and % provided.
Complete the Payroll summary and record the necessary entries.
Calculations for Weekly Earnings: The payroll clerk for Marlin's Maps Co. has assembled the following data for the company's three employees and has asked you to complete the payroll register. Hours in excess of 8 hours in any day and over 40 in any week are paid at time-and-a-half. Income tax is calcuated at 20%, CPP at 5.70% and El at 1.58%. Remember to take into consideration the $3,500 exemption for CPP, as well as the maximums for both CPP and El. You must: 1. Complete the payroll summary for the week ending November 30 . 2. Prepare the entry necessary to record the payroll. Marcus has a weekly salary. This employee has already earned $65,300 so far this yearStep by Step Solution
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