Exercise Al-2 Calculating payroll deductions and recording the payroll LO2 The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's pay records Earnings Weekly to End of Health Taxes Ded Pay $ 900 Meek $12,510 $144.55 $37.00 13,440 313.63 24.00 Joseph Lin Die Patelli 870 1,990 1,940 19,140 173.72 16.00 32,628 458.72 24.00 $4,900 $930.62 $121.00 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) Deductions Income Total Employee Gross Pay Health Insurance Deductions Net Pay $ 14455 $ 37.00 113 63 24.00 17372 36 00 496 72 24000 Hellen Crag Joseph Lim Dino Patel Sharleen McFee S 900 00 870 00 1,000 00 1.960 00 n . CPP
Exercise Al-2 Calculating payroll deductions and recording the payroll LO2 The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's pay records Earnings Weekly to End of Health Taxes Ded Pay $ 900 Meek $12,510 $144.55 $37.00 13,440 313.63 24.00 Joseph Lin Die Patelli 870 1,990 1,940 19,140 173.72 16.00 32,628 458.72 24.00 $4,900 $930.62 $121.00 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) Deductions Income Total Employee Gross Pay Health Insurance Deductions Net Pay $ 14455 $ 37.00 113 63 24.00 17372 36 00 496 72 24000 Hellen Crag Joseph Lim Dino Patel Sharleen McFee S 900 00 870 00 1,000 00 1.960 00 n . CPP
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Exercise Al-2 Calculating payroll deductions and recording the payroll LO2
The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's payroll
records
Weekly
Gross
Earnings
to End of
Previous Income
Health
Insurance
Fay
Deductions
$ 900
870
Hellen Craig
Joseph Lin
Dine Patelli
Sharleen McFer
Taxes
$12,510 $144.55 $ 37.00
13,440 113.63
19,140 173,72
24.00
36.00
1,090
1,940
32,628 458.72
24.00
$4,900
$930.62 $121.00
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)
Deductions
Employee
Gross
Pay
Health
Insurance
Total
Deductions
Premium
Net Pay
$ 37.00
24.00
36 00
24 00
eese on
Hellen Craig
Joseph Lim
Dino Patel
Sharleen McFee
S
4
980 00
870 00
1,000 00
1,960 00
nnnn
Income
Taxes
$ 144 55
113.63
173 72
496 72
anes
t
CPP](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7709141c-50cd-420f-850c-9a05f9f31f1a%2F60f638aa-e8f3-4e04-9edb-d56a0b64a4ea%2Foa54k3r_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise Al-2 Calculating payroll deductions and recording the payroll LO2
The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's payroll
records
Weekly
Gross
Earnings
to End of
Previous Income
Health
Insurance
Fay
Deductions
$ 900
870
Hellen Craig
Joseph Lin
Dine Patelli
Sharleen McFer
Taxes
$12,510 $144.55 $ 37.00
13,440 113.63
19,140 173,72
24.00
36.00
1,090
1,940
32,628 458.72
24.00
$4,900
$930.62 $121.00
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)
Deductions
Employee
Gross
Pay
Health
Insurance
Total
Deductions
Premium
Net Pay
$ 37.00
24.00
36 00
24 00
eese on
Hellen Craig
Joseph Lim
Dino Patel
Sharleen McFee
S
4
980 00
870 00
1,000 00
1,960 00
nnnn
Income
Taxes
$ 144 55
113.63
173 72
496 72
anes
t
CPP
![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.)
View transaction list
Journal entry worksheet
Record the entry for payroll.
Note: Enter debits before credits
Date
Debit
Credit
March 09
General Journal](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7709141c-50cd-420f-850c-9a05f9f31f1a%2F60f638aa-e8f3-4e04-9edb-d56a0b64a4ea%2F1ynpaxk_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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.)
View transaction list
Journal entry worksheet
Record the entry for payroll.
Note: Enter debits before credits
Date
Debit
Credit
March 09
General Journal
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