From the following data, calculate the net pay for the below employees working in Alberta and who are subject to the provincial employment standards legislation.Assume that the employees are entitled to time-and-a-half for any hours exceeding 40 hours for the week or 8 hours per day.CPP contribution rate:5.45%El Premium rate:1.58%Hourly rate Monday Tuesday Wednesday Thursday Friday Saturday ŞundayEmployeesEmily MaLoan LeeTesfe Khieth20.0018.00IS1066 416.004108Required1.Prepare a payroll register for the week of January 25.2.Prepare the journal entry to record the payroll.3. Prepare the journal entry to record the company's benefits expense.4.Prepare the journal entry to record the remittance to the Receiver General for Canada.

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From the following data, calculate the net pay for the below employees working in Alberta and who are subject to the provincial employment standards legislation. Assume that the employees are entitled to time-and a half for any hours exceeding 40 hours for the week or 8 hours per day. 5.45% CPP contribution rate: El Premium rate: 1.58% Imployees Emily Ma Loan Lee Teste Khieth Hourly rate Monday Juesday Wednesday Thursday friday Saturday Sunday N. 20.00 10 18.00 16.00 6 6. 4 4 10 Required 1. Prepare a payroll register for the week of January 25. Prepare the journal entry to record the payroll. 3. 2. Prepare the journal entry to record the company's benefits expense. Prepare the journal entry to record the remittance to the Receiver General for Canada. 4.

From the following data, calculate the net pay for the below employees working in Alberta and who are subject to the provincial employment standards legislation. Assume that the employees are entitled to time-and a half for any hours exceeding 40 hours for the week or 8 hours per day. 5.45% CPP contribution rate: El Premium rate: 1.58% Imployees Emily Ma Loan Lee Teste Khieth Hourly rate Monday Juesday Wednesday Thursday friday Saturday Sunday N. 20.00 10 18.00 16.00 6 6. 4 4 10 Required 1. Prepare a payroll register for the week of January 25. Prepare the journal entry to record the payroll. 3. 2. Prepare the journal entry to record the company's benefits expense. Prepare the journal entry to record the remittance to the Receiver General for Canada. 4.

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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