Topic on Payroll Procedures, the Employee's Perpective

Completing the payroll register 12 and journalizing the payroll entry 0 2 3 (50 min) P10-3B. The bookkeeper for Pinto Co. of Peterborough gathered the following data from employee earnings records as well as daily time cards. Your task is (a) to complete a payroll register on November 5 and (b) to journalize the appropri- ate entry to record the payroll. Income tax is calculated at 20%, CPP at 5.10%, and EI at 1.62%. Remember to take into consideration the $3,500 deduction for CPP and consider maximum amounts. Check Figure Net Pay $2,528.36 Claim Daily Time Hourly Employee Code M T W T F Rate 2 Mary Cardinal* 8 6 8 9 10 $22 Bill Smith 4 9 10 9 10 14 Joe Kingle* 3 8 10 12 8 9 25 Anita Tsui 1 9 7. 8 10 8 12 *Both of these employees reached the EI maximum last period. Dept. Sales Office Sales Office Cum. CPP Before This Payroll $2,349.53 1,380.00 2,478.90 942.54 Assumptions 1. Each employee contributes $12 per week for health insurance. 2. Overtime is paid at a rate of time-and-a-half over 40 hours per week or over 8 hours in any day. 00 mothered