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This is all ONE question! Sure Value Hardware has four employees who are paid on an hourly basis, plus time and a half for hours
This is all ONE question! 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 Total Hours Hourly Rate CPP EI Income Tax United Way I. Dahl 39.4 $24.50 $44.45 $16.02 $80.50 $7.75 F. Gualtieri 42.5 10.75 19.95 7.81 92.95 7.00 G. Ho 41.5 17.25 32.74 12.10 91.00 5.00 A. Israeli 41.6 13.55 25.11 9.54 88.60 8.75 Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 52.76.) SURE VALUE HARDWARE Payroll Register Year Ended March 14, 2021Week Ended March 14, 2021March 14, 2021 Gross Earnings Deductions Employee Hours Regular Overtime Gross Pay CPP EI Income Tax United Way Total Net Pay I. Dahl $ $ $ $ $ $ $ $ $ F. Gualtieri G. Ho A. Israeli Totals $ $ $ $ $ $ $ $ $ Question Part Score --/4 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 0 for the amounts. Round answers to 2 decimal places, e.g. 52.76.) Date Account Titles and Explanation Debit Credit Mar. 14 (To record salaries expense.) Mar. 14 (To record employer benefits expense.) Question Part Score --/5 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 0 for the amounts. Round answers to 2 decimal places, e.g. 52.76.) Date Account Titles and Explanation Debit Credit Mar. 14 (To record payment of salaries payable.) Question Part Score --/1 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 0 for the amounts. Round answers to 2 decimal places, e.g. 52.76.) Date Account Titles and Explanation Debit Credit Apr. 15 (To record remittance of benefits deducted.)
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