1. Calculate the employees' El and CPP withholdings and the amounts paid to each employee. (Do not round Intermediat calculations. Round the final answers to 2 decimal places.) Employee Hellen Craig Joseph Lim Dino Patelli Sharleen McFee Totals Gross Pay $ El Premium Deductions Income Taxes 720.00 $ 11.38 610.00 9.64 830.00 13.11 1.700.00 26.88 $ 3,860.00 $ 80.99 $ 973 45 $ $ 168.10 $ 142.05 194.65 468.65 Total Deductions CPP Health Insurance 35.57 $ 24.00 29.58 24.00 41.57 36.00 88.98 24.00 195.70 $ 108.00 $ Net Pay 0.00 $ 0.00
1. Calculate the employees' El and CPP withholdings and the amounts paid to each employee. (Do not round Intermediat calculations. Round the final answers to 2 decimal places.) Employee Hellen Craig Joseph Lim Dino Patelli Sharleen McFee Totals Gross Pay $ El Premium Deductions Income Taxes 720.00 $ 11.38 610.00 9.64 830.00 13.11 1.700.00 26.88 $ 3,860.00 $ 80.99 $ 973 45 $ $ 168.10 $ 142.05 194.65 468.65 Total Deductions CPP Health Insurance 35.57 $ 24.00 29.58 24.00 41.57 36.00 88.98 24.00 195.70 $ 108.00 $ Net Pay 0.00 $ 0.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's p
records:
Employees' Names
Hellen Craig
Joseph Lim
Dino Patelli
Sharleen McFee
Employee
Hellen Craig
Joseph Lim
Dino Patelli
Sharleen McFee
Totals
Required:
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.)
View transaction list
No
1
Weekly Gross Earnings to End of
Pay
Previous Week
$ 720
610
830
1,700
$3,860
$
Gross
Pay
Date
March 09
E
Premium
$12,510
10,320
15,500
29,500
Deductions
Income
Taxes
View journal entry worksheet
CPP
720.00 $ 11.38 $
168.10 $
35.57 $ 24.00
810.00
9.64
142.05
29.58
24.00
830.00
13.11
194.65
41.57
36.00
1.700.00
26.88
468.65
88.98
24.00
$ 3,860.00 S 60.99 $ 973 45 $ 195.70 $ 108.00 S
Income Taxes
$168.10
142.05
194.65
468.65
$973.45
General Journal
Office salaries expense
Employees' income taxes payable
Employees' health insurance payable
El payable
CPP payable
Health
Insurance
Health Insurance
Deductions
$ 24.00
24.00
36.00
24.00
$108.00
2. Prepare a General Journal entry to record the payroll. Assume all employees work in the office. (Round the final answers to 2
decimal places.)
Total
Deductions
0.00 $
Net Pay
0.00
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feacf2078-9739-4b92-b603-b8a64c87e6a2%2Fdc7ebdda-cd13-4dd8-96a6-021d9159a2ab%2Fzfryswt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's p
records:
Employees' Names
Hellen Craig
Joseph Lim
Dino Patelli
Sharleen McFee
Employee
Hellen Craig
Joseph Lim
Dino Patelli
Sharleen McFee
Totals
Required:
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.)
View transaction list
No
1
Weekly Gross Earnings to End of
Pay
Previous Week
$ 720
610
830
1,700
$3,860
$
Gross
Pay
Date
March 09
E
Premium
$12,510
10,320
15,500
29,500
Deductions
Income
Taxes
View journal entry worksheet
CPP
720.00 $ 11.38 $
168.10 $
35.57 $ 24.00
810.00
9.64
142.05
29.58
24.00
830.00
13.11
194.65
41.57
36.00
1.700.00
26.88
468.65
88.98
24.00
$ 3,860.00 S 60.99 $ 973 45 $ 195.70 $ 108.00 S
Income Taxes
$168.10
142.05
194.65
468.65
$973.45
General Journal
Office salaries expense
Employees' income taxes payable
Employees' health insurance payable
El payable
CPP payable
Health
Insurance
Health Insurance
Deductions
$ 24.00
24.00
36.00
24.00
$108.00
2. Prepare a General Journal entry to record the payroll. Assume all employees work in the office. (Round the final answers to 2
decimal places.)
Total
Deductions
0.00 $
Net Pay
0.00
Debit
Credit
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