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

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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Exercise 8-6
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