A5 1. Calculate the employees' El and CPP withholdings and the amounts paid to each employee. (Do not round intermediatecalculations. Round the final answers to 2 decimal places.)EmployeeHellen CraigJoseph LimDino PatelliSharleen McFeeTotalsGrossPayΕΙPremium1,150.002,020.00$ 5,140.00$ 1,040.00 $ 16.43 $930.0014.6918.1731.9281.21$IncomeTaxesDeductions$168.90142.85195.45469.45976.65$CPP0.00HealthInsurance$25.0027.0039.0027.00$118.00TotalDeductions0.00$Net Pay0.00

The net pay refers to the pay that is payable to the employees after the deductions such as EI…

1. Calculate the employees' El and CPP withholdings and the amounts paid to each employee. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Employee Hellen Craig Joseph Lim Dino Patelli Sharleen McFee Totals Gross Pay $1,040.00 930.00 1,150.00 2,020.00 $ 5,140.00 ΕΙ Premium $ Deductions 18.17 31.92 81.21 Income Taxes $ 16.43 $ 168.90 14.69 142.85 195.45 469.45 $ 976.65 $ 0.00 CPP Health Insurance $ 25.00 27.00 39.00 27.00 $118.00 Total Deductions $ 0.00 $ Net Pay 0.00

1. Calculate the employees' El and CPP withholdings and the amounts paid to each employee. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Employee Hellen Craig Joseph Lim Dino Patelli Sharleen McFee Totals Gross Pay $1,040.00 930.00 1,150.00 2,020.00 $ 5,140.00 ΕΙ Premium $ Deductions 18.17 31.92 81.21 Income Taxes $ 16.43 $ 168.90 14.69 142.85 195.45 469.45 $ 976.65 $ 0.00 CPP Health Insurance $ 25.00 27.00 39.00 27.00 $118.00 Total Deductions $ 0.00 $ Net Pay 0.00

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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