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pls solve it asap Question 5 [20 points] The following information as to earnings and deductions for the two-week pay period ended February 12, was
pls solve it asap
Question 5 [20 points] The following information as to earnings and deductions for the two-week pay period ended February 12, was taken from Vision Consulting Inc.'s payroll records. a) Fill in the table below assuming that, El is calculated at 1.88%, income tax at 22%. and CPP at 4.95% of annual earnings greater than $3,500 and less than $50,100. Please make sure your final answer(s) are accurate to 2 decimal places. Employee Gross pay Income taxes Medical insurance CPP El premium Total deductions Net pay Kimberly Fisher 750 165 21.75 Susan Montgomery 750 165 21.75 Bob Delgado 800 176 23.20 Total 2,300 506 66.70 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 dd/mmm (.e., 15/Jan). General Journal Date Account/Explanation F Debit Credit Page Gj1Step by Step Solution
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