1. Calculate Income Tax @ 15% and CPP & El per pay period.Employees are paid biweekly. Their per pay period salary is given.EmployeeGrossPay1,200.00530.00675.002.405El PremlumIncomeТахesСРРTotalDeductionsNet PayJohnson. SWaverley N.Zender BTotal2.The following information as to earnings and deductions for the weeklypay period ended March 9 was taken from a company's payroll records:Eamings to End Income Taxesof Previousweek$ 12.51010.32015.50029 500EmployeesNamesWeekly GrossPayHealthInsuranceDeductionsS 24.00Hellen CraigJoseph LimDino PatelS 720610830Sharleen McFee 1700$3 860$106.2079 70132.25432.55S750 7024.0036.0024 00S 108.00

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1. Calculate Income Tax @ 15% and CPP & El per pay period. Employees are paid biweekly. Their per payperiod salary is given. Employee Gross El Premlum Income Taxes Net Pay CPP Total Deductions Johnson. S Waverley N. Zender B Total Pay 1,200.00 530.00 675 00 2.405

1. Calculate Income Tax @ 15% and CPP & El per pay period. Employees are paid biweekly. Their per payperiod salary is given. Employee Gross El Premlum Income Taxes Net Pay CPP Total Deductions Johnson. S Waverley N. Zender B Total Pay 1,200.00 530.00 675 00 2.405

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

1. Calculate Income Tax @ 15% and CPP & El per pay period.
Employees are paid biweekly. Their per pay period salary is given.
Employee
Gross
Pay
1,200.00
530.00
675.00
2.405
El Premlum
Income
Тахes
СРР
Total
Deductions
Net Pay
Johnson. S
Waverley N.
Zender B
Total
2.The following information as to earnings and deductions for the weekly
pay period ended March 9 was taken from a company's payroll records:
Eamings to End Income Taxes
of Previous
week
$ 12.510
10.320
15.500
29 500
Employees
Names
Weekly Gross
Pay
Health
Insurance
Deductions
S 24.00
Hellen Craig
Joseph Lim
Dino Patel
S 720
610
830
Sharleen McFee 1700
$3 860
$106.20
79 70
132.25
432.55
S750 70
24.00
36.00
24 00
S 108.00

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