Question Help Mike Klyn is paid $840 for a 40-hour work week and time and a half for hours above 40. Klyn worked 50 hours during the first week of February. Klyn is single, and his income tax withholding is 20 percent of total pay. His only payroll deductions are taxes withheld, CPP of 4.95 percent, and El of 1.66 percent. Klyn's employer, Jones Ski Corp., pays all the standard payroll expenses plus benefits for employee pensions (5 percent of gross pay), BC health insurance ($15 per employee per week), and disability insurance ($2 per employee per week). (Click the icon to view payroll information.) E: (Click the icon to view the payroll journal entries.) Journalize for Jones Ski Corp. the remittance of this payroll to CRA on March 15. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit Mar. 15 ? Choose from any list or enter any number in the input fields and then click Check Answer. Clear All Check Answer All parts showing MacBook Pro - Question Halo Payroll information Journal Entry Accounts Debit Credit Feb. 315.00 1,155.00 Straight-time pay Employee income tax withheld CPP withheld 17 Salary Expense Salary Payable Employee Income Tax Payable Canada Pension Plan Payable 57.17 847.66 840.00 Overtime pay 231.00 CPP-employer's share 57.17 El employer's share 19.17 Pension 15.00 Disability insurance 26.84 231.00 El withheld 57.75 57.17 Health insurance Employment Insurance Payable 2.00 19.17 Journal Entry Print Done Accounts Debit Credit Feb. 17 Pension Expense Provincial Health Insurance Expense 57.75 15.00 2.00 Disability Insurance Expense Employee Benefits Payable 74.75 Journal Entry Accounts Debit Credit Feb. 84.01 17 Employee Benefits Expense Canada Pension Plan Payable 57.17 Print Done Done ving Clear All Check Answer Question Help Mike Klyn is paid $840 for a 40-hour work week and time and a half for hours above 40. Klyn worked 50 hours during the first week of February. Klyn is single, and his income tax withholding is 20 percent of total pay. His only payroll deductions are taxes withheld, CPP of 4.95 percent, and El of 1.66 percent. Klyn's employer, Jones Ski Corp., pays all the standard payroll expenses plus benefits for employee pensions (5 percent of gross pay), BC health insurance ($15 per employee per week), and disability insurance ($2 per employee per week). (Click the icon to view payroll information.) E: (Click the icon to view the payroll journal entries.) Journalize for Jones Ski Corp. the remittance of this payroll to CRA on March 15. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit Mar. 15 ? Choose from any list or enter any number in the input fields and then click Check Answer. Clear All Check Answer All parts showing MacBook Pro - Question Halo Payroll information Journal Entry Accounts Debit Credit Feb. 315.00 1,155.00 Straight-time pay Employee income tax withheld CPP withheld 17 Salary Expense Salary Payable Employee Income Tax Payable Canada Pension Plan Payable 57.17 847.66 840.00 Overtime pay 231.00 CPP-employer's share 57.17 El employer's share 19.17 Pension 15.00 Disability insurance 26.84 231.00 El withheld 57.75 57.17 Health insurance Employment Insurance Payable 2.00 19.17 Journal Entry Print Done Accounts Debit Credit Feb. 17 Pension Expense Provincial Health Insurance Expense 57.75 15.00 2.00 Disability Insurance Expense Employee Benefits Payable 74.75 Journal Entry Accounts Debit Credit Feb. 84.01 17 Employee Benefits Expense Canada Pension Plan Payable 57.17 Print Done Done ving Clear All Check
