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The following information as to earnings and deductions for the two-week pay period ended June 2, was taken from Holden Corp.'s payroll records. a) Fill
The following information as to earnings and deductions for the two-week pay period ended June 2, was taken from Holden Corp.'s payroll records. a) Fill in the table below assuming that, El is calculated at 1.88%, income tax at 19%. and CPP at 4.95% of annual earnings greater than $3,500 and less than $50,100. Please make sure your final answer(s) are accurate to 2 decimal places. Employee Gross pay Income taxes Medical insurance CPP El premium Total deductions Net pay Judith Grimm 900 171 18 Bert Zimm 550 104.50 11 Carrie Ford 950 180.50 19 Total 2,400 456 48 b) Prepare a journal entry to record the payroll assuming all employees work in the office. Enter an appropriate description, and enter the date in the format dd/mmm (i.e., 15/Jan). General Journal Page Gj1 Date Account/Explanation F Debit Credit
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