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Required 1. Compute Sullivan's gross pay and net pay for the week Hubert Sullivan works for a Don's Doughnuts takeout for straight-time eamings of $1480
Required 1. Compute Sullivan's gross pay and net pay for the week
Hubert Sullivan works for a Don's Doughnuts takeout for straight-time eamings of $1480 per hour, with time and a half for hours in excess of 35 per week Sullivan's payroll deductions include income tax of 21 percent, CPP of 545 percent on earnings (account for the S3,E basic annual exemption), and El of 1.58 percent on eamings In addition, he contributes SIS per week to his Registered Retirement Savings Plan (RRSP) Assume Sullivan worked 39 hours during the week. He has not yet reached the CPP or El maximum earnings levels. Required 1. Compute Sullivan's gross pay and net pay for the week. 2. Make a compound general journal entry for June 14 to record the restaurant's wage expense for Sullivan's work, including his payroll deductions and the employer payroll costs. Round all amounts to the nearest cent. An explanation is not required. Requirement 1. Compute Sullivan's gross pay and net pay for the week. (Round all intermediary and final answers to the nearest cent.) Total gross pay Deductions Total deductions Net pay Requirement 2. Make a compound general journal entry for June 14 to record the restaurants wage expense for Sullivan's work, including his payroll deductions and the employer payroll costs. (Record debits first, then credits. Explanations are not required. Round amounts to the nearest cent.) Date Account Titles Debit Credit
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