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Take me to the text Rippling Waters rents canoes and other water crafts to campers and hikers. On August 15, 2021, Rippling Waters prepared their
Take me to the text Rippling Waters rents canoes and other water crafts to campers and hikers. On August 15, 2021, Rippling Waters prepared their semi-monthly payroll for their employees. The current CPP rate is 5.45%, the current El rate is 1.58%, and the appropriate income tax rate is 20%. The employer pays half of the health care premium, and the employees pay the other half. Assume the employer contributes 100\% toward CPP and 140\% toward El. Payroll information for August 15, 2021 is listed below. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. a) Calculate gross and net pay for each employee. a) Calculate gross and net pay for each employee. *Remember to properly account for the $3,500 exemption b) Calculate the employer contributions. c) Prepare the payroll journal entries for August 15, 2021 to record the salaries payable to the employees and accrue the employer contributions. For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by. credit accounts in alphabetical order d) Prepare the entrv to pay the emplovees on Auqust 17, 2021. e) Prepare the entry to pay the liability to the health insurance company on August 31, 2021 f) Prepare the entry to pay the liabilities to the government on September 15, 2021. e) Prepare the entry to pay the liability to the health insurance company on August 31, 2021. \begin{tabular}{|l|c|c|c|} \hline Date & Account Title and Explanation & Debit & Credit \\ \hline 2021 & & & \\ \hline Aug 31 & Health Care Payable & & \\ \hline & Cash & & \\ \hline & Pay health care liability & & \\ \hline \hline \end{tabular} f) Prepare the entry to pay the liabilities to the government on September 15, 2021. \begin{tabular}{|l|c|c|c|} \hline Date & Account Title and Explanation & Debit & Credit \\ \hline 2021 & & & \\ \hline Sep 15 & Canada Pension Plan Payable & & \\ \hline & Employment Insurance Payable & & \\ \hline & Income Tax Payable & & \\ \hline & Cash & & \\ \hline & Pay payroll liabilities to the government & & \\ \hline \end{tabular} Check
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