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Question 8 Partially correct Mark 30.00 out of 38.00 Flag question Take me to the text Daytona Company has three employees who are paid
Question 8 Partially correct Mark 30.00 out of 38.00 Flag question Take me to the text Daytona Company has three employees who are paid on an hourly basis, plus time and one half for hours in excess of 44 hours per week. Payroll information for the week ending July 14, 2019 is listed below. Employee Hours Worked Hourly Rate Income Tax CPP Union Dues J. Michelle 41 $16.70 $68.47 $31.49 $11.09 $30.00 A. Knopf 41 $17.40 $71.34 $32.95 $11.56 D.House 40 $14.50 $58.00 $30.00 $26.15 $9.40 $30.00 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. a) Calculate gross pay for each employee and the amount the employer will have to pay for CPP and El. Employee Gross Employer CPP Employer El J. Michelle $684.70 $31.49 $11.09 A. Knopf $713.40 $32.95 $11.56 D.House $580 Total $1978.10 $26.15 $90.59 $9.4 x $32.05 x b) Prepare the journal entries for the July 14 payroll and the employer's portion of payroll. Employees will not be paid until next week. For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit accounts in alphabetical order. Account Title and Explanation Date Debit Credit 2019 Jul 14 Salaries Expense Canada Pension Plan Payable Employment Insurance Payable Income Tax Payable Salaries Payable Union Dues Payable Record payroll Jul 14 Employee Benefits Expense Canada Pension Plan Payable Employment Insurance Payable 1978.1 90.59 32.05 197.81 1567.65 90 122.64 x 90.59 32.05 x Record additional employer expenses c) Record the payment of the statutory deductions to the CRA on July 31, 2019. Account Title and Explanation Debit Date 2019 Jul 31 Canada Pension Plan Payable 181.18 Employment Insurance Payable 32.05 Income Tax Payable 197.81 Cash Pay payroll liabilities due to CRA Credit 443.09
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