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An employer is subject to FUTA requirements when its wages paid for the quarter exceed:
a. 51,300
b. 5,000
c. 1,500
d. 3,000
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- The maternity benefit of the female employee under RA 11210, otherwise known as the 105-day Expanded Maternity Leave Law, shall pertain to the: a) Full pay or full salary b) Actual cash benefit received from SSS c) Salary differential d) All of the aboveWhat is the Workers' Compensation premium owing for an employer in Ontario with assessable earnings equal to $473,000 annually in the Machinery, Electrical Equipment and Miscellaneous Manufacturing category (assume no employees exceed the maximum assessable earnings) for the year of 2022? D. $372,578.0 C. $4,730.0 E. $3,986.6 A. 5,061.1 B. $506,110.0Take me to the text An employer has calculated the following amounts for an employee during the last week of June 2021. Gross Wages $1,800.00 Income Taxes $414.00 Canada Pension Plan $94.00 Employment Insurance $28.00 Workers' Compensation $59.00 Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Required a) Calculate the employee's net pay. Net Pay = $ b) Assuming the employer's contribution is 100% for CPP and 140% for El, what is the employer's total expense? Total Employer Expense = $ c) Prepare the journal entries to record payroll for the employee and record the employer's contribution. Assume the e was paid immediately. For transactions with more than one credit, enter the credit accounts in alphabetical order.
- Question 9: In a journal entry for employee payroll, what type of account is credited to record each of the amounts withheld from employee earnings? Answer: A. O Asset В. O Liability C. O Revenue D. O ExpenseAn Ontario employer with annual insurable earnings of $15,000 would be required to remit workers' compensation premiums for the month of April by: a. May 31st b. April 30th C. June 30th d. April 30th of the following year e. July 31stCompute the net pay for each employee and answer the additional requirements that follow: Deductions Employee Basic Pay SSS Philhealth Withholding Tax Ericka Bilango 40,300.00 581.30 550.00 100.00 P 3,933.84 Alani Ching 37,600.00 581.30 517.00 100.00 3,267.09 Audrey Tan 35,500.00 581.30 488.13 100.00 2,749.31 1. How much is the total Salaries Expense? 2. How much is the total payroll deductions? 3. How much is the total credit to Cash upon payment of salaries? Is this the same as the take-home pay? Pag-IBIG
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- An employer has calculated the following amounts for an employee during the last week of June 2020. Gross Wages $1,200.00 $276.00 Income Taxes Canada Pension Plan Contributions $59.47 Employment Insurance Contributions $18.96 Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Required a) Calculate the employee's net pay. Net Pay = $ b) Assuming the employer's contribution is 100% for Canada Pension Plan and 140% for Employment Insurance, what is the employer's total expense? Total Employer Expense = $ c) Prepare the journal entries to record payroll for the employee and record the employer's contribution. Assume the employee was paid immediately. For transactions with more than one credit, enter the credit accounts in alphabetical order. Date Account Title and Explanation Debit Credit 2020 Jun 30 Jun 30 Record payroll ÷ + + ♦ Record additional employer expensesCalculate the Workers' Compensation premium owing for an employer in Ontario with assessable earnings equal to $295,000 annually in the agricultural Industry rate category (assume no employees exceed the maximum assessable earnings for the year)Gross Pay through August 31 $ 6,600 2,200 131,600 Gross Pay for September $ 500 2,300 8,200 Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for this employee. The employee's federal income taxes withheld by the employer are $80 for this pay period. Complete this question by entering your answers in the tabs below. Taxes to be Withheld From Gross Pay General Journal The employee's federal income taxes withheld by the employer are $80 for this pay period. Assuming situation (a), compute the taxes to be withheld from gross pay for this employee. Note: Round your answers to 2 decimal places. Taxes to be withheld From Gross Pay (Employee-Paid Taxes) Federal income tax September Earnings Subject to Tax Tax Rate Tax Amount $ 80.00 Taxes to be General Journal >
