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see my new question, send every details to in that question Part C Case Study In this case study you will be required to calculate
see my new question, send every details to in that question
Part C Case Study In this case study you will be required to calculate the gross to net pay for three employees. You will also be required to calculate other employer costs based on the information provided. This case study will demonstrate that you know how to use what you have learned in this course. Majic Corporation sells phone cases to public and private companies. They are located at 123 Locus Rd, Toronto, ON M1H 453. They employ 200 full time employees who work in sales, customer service and office support roles. They have had an annual remuneration of over $1,000,000 for the past several years therefore their EHT rate is 1.95%. Pay period #1 started December 27, 2020. All are paid on a bi-weekly basis. All benefits are processed each pay on an as enjoyed basis. The first pay day for employees is Jan 13, 2021. They have three staff in the Customer Service Department answering questions from clients and the general public. They all work Monday to Friday and do not work statutory holidays but are paid for them. E) Journal Entry for Pay Periods 6 and 7. Please remember to record all requirements a journal entry must have. Using the grid below complete the journal entry for these pay periods of using the amounts you calculated in section D. Total marks 20 11 11 11 Account Debit Credit Mark Wage Expense 11 CPP Expense 11 CPP Payable 11 El Expense 11 El Payable 11 Taxes Payable 71 Health Expense 11 Health Payable 11 United Way payable 11 Group Insurance Expense 11 Group Insurance Payable 11 AD & D Expense 11 AD & D Payable 11 EHT expense 11 EHT payable 11 Net Pay 11 Total 11 1 Step by Step Solution
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