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Sharon Von Hatton is the only employee of a self-employed businessperson. She earned a monthly salary of $2,050 in February 2018 , her first month
Sharon Von Hatton is the only employee of a self-employed businessperson. She earned a monthly salary of $2,050 in February 2018 , her first month of employment. In response to a citywide effort to obtain charitable contributions to the local United Way programs, Von Hatton has requested that her employer withhold 2% of her salary (after CPP, EI, and income taxes have been deducted). Use Payroll liabilities1, Payroll liabilities2, and Payroll liabilities3. Required: 1. Determine CPP, El, and income tax deductions (assume claim code 1). (Round the final answers to 2 decimal places.) Click here to view the CPP Tables for 2018. Click here to view the El Tables for 2018. 2. Prepare the journal entry to record payroll expenses for the month of February 2018. (Round the final answers to 2 decimal places.)
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