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The Ballerini Ballet Company sells ballet and other dance shoes to people of all ages. It pays its lone employee a fixed salary of $5,876.00
The Ballerini Ballet Company sells ballet and other dance shoes to people of all ages. It pays its lone employee a fixed salary of $5,876.00 per week. The following information reflects the employee's pay stub for the December 7, 2018 pay date: Gross wages $5,876.00 Income tax deductions $1,292.72 CPP deductions 293.80 El deductions _117.52 Total deductions 1,704.04 Net pay $_4,171.96 Ballerini Ballet is required to remit an El contribution of 1.2 times the amount deducted from the employee and a CPP contribution that matches the employee's deduction. All remittances are made on the 15th of the month following the date of pay. Required: Record all appropriate journal entries pertaining to Ballerini Ballet Company's December 7, 2018 pay. Round all the numbers to the 2nd decimal place. Account Debit Credit To Docord Docombor 7 Day The Ballerini Ballet Company sells ballet and other dance shoes to people of all ages. It pays its lone employee a fixed salary of $5,876.00 per week. The following information reflects the employee's pay stub for the December 7, 2018 pay date: Gross wages $5,876.00 Income tax deductions $1,292.72 CPP deductions 293.80 El deductions _117.52 Total deductions 1,704.04 Net pay $_4,171.96 Ballerini Ballet is required to remit an El contribution of 1.2 times the amount deducted from the employee and a CPP contribution that matches the employee's deduction. All remittances are made on the 15th of the month following the date of pay. Required: Record all appropriate journal entries pertaining to Ballerini Ballet Company's December 7, 2018 pay. Round all the numbers to the 2nd decimal place. Account Debit Credit To Docord Docombor 7 Day
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