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Sure Value Hardware has four employees who are paid on an hourly basis, plus time and a half for hours worked in excess of 40
Sure Value Hardware has four employees who are paid on an hourly basis, plus time and a half for hours worked in excess of 40 hours a week. Payroll data for the week ended March 14, 2021, follow: Employee CPP EI Total Hours 39.6 42.0 1. Dahl F. Gualtieri G. Ho A. Israeli Hourly Rate $24.00 10.60 17.10 13.30 $43.71 19.23 33.07 24.78 $15.78 7.57 12.21 9.43 Income Tax $80.50 92.95 91.00 88.60 United Way $7.60 7.30 5.20 9.50 42.0 41.8 Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, eg. 52.76.) Gross Earnings Gross Pay Hours Regular Overtime Employee I. Dahl 39.6 $ 950.4 $ 950 F. Gualtieri 42.0 G. Ho 42.0 A. Israeli 41.8 Totals $ $ $ Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, eg. 52.76.) SURE VALUE HARDWARE Payroll Register Deductions Gross Pay Income Tax CPP . 950.4 $ 43.71 $ 15.78 $ 80.50 $ 19.23 7.57 92.95 33.07 12.21 91.00 24.78 9.43 88.60 $ $ $ $ Record the payroll on March 14 and the accrual of employee benefits expense. Assume the company accrues 4% for vacation pay. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 2 decimal places, eg. 52.76.) Debit Credit Date Account Titles and Explanation Mar. 14 (To record salaries expense.) Mar. 14 (To record employer benefits expense.) Record the payment of the payroll on March 14. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 2 decimal places, e.g. 52.76.) Debit Credit Date Account Titles and Explanation Mar. 14 (To record payment of salaries payable.) Record the payment of remittances to the Receiver General on April 15. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 2 decimal places, eg. 52.76.) Debit Credit Date Account Titles and Explanation Apr. 15 (To record remittance of benefits deducted.)
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