Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Practical Questions- 1. a ) The employees of The Fashion Factory completed the number of pieces indicated during the workweek ending June 30: P.Cardin 1,050

image text in transcribed

Practical Questions- 1. a ) The employees of The Fashion Factory completed the number of pieces indicated during the workweek ending June 30: P.Cardin 1,050 J. Woolly 1,040 T. Bloomer 1,030 R. Napp 1,020 b) Calculate the gross pay for each employee using the following plan- First 500 pieces $0.50 each Next 300 pieces $ 0.60 each Next 200 pieces $0.70 each Over 1,000 pieces $0.90 each 4 marks c) Calculate CPP El and income tax(Federal ) for each employee. For CPP and El deduction consider 2021 rate and 15% for tax deduction. 12 marks d) Record the compound General Journal entry for this payroll on June 30. 4 marks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

MP Auditing And Assurance Services W/ACL Software CD ROM A Systematic Approach

Authors: William Messier Jr, Steven Glover, Douglas Prawitt

9th Edition

1259162346, 978-1259162343

More Books

Students also viewed these Accounting questions

Question

Are there any questions that you want to ask?

Answered: 1 week ago