Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Problem: 1 10 marks Draper Company, Ontario has the following workers data on cc code 2 for the yearly payroll ending March 31: Employee weekly
Problem: 1 10 marks Draper Company, Ontario has the following workers data on cc code 2 for the yearly payroll ending March 31: Employee weekly Hours Worked 48 Annual pay A 26000 B 45 24000 42 23000 D 41 22000 E 40 20000 Calculate the following and write the payroll reporting journal entries if the workers are paid 1. Weekly 2. Bi weekly 3. Semi monthly 4. monthly (show in a separate tables) 2. Gross pay of each worker 3. CPP deduction 4. El deduction 5. Provincial income tax 6. Federal income tac 7. Total income tax 8. Total deduction 9. CPP benefit expense to employer 10. Er benefit expense to employer 11. Total payroll liability payable by the employer
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