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The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's payroll 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.) Earnings to End of Weekly Health Gross Previous Income Insurance. Week Taxes Deductions $12,510 $168.50 $32.00 12,240 142.45 32.00 17,740 195.05 31.00 31,420 469.05 32.00 $975.05 $127.00 $ $ 880 770 990 1,860 $4,500 ― Pay Gross Pay 880.00 770.00 990.00 1,860.00 $ 4,500.00 ΕΙ Premium Deductions Income Taxes $ 168.50 142,45 195.05 469.05 $975.05 CPP Health Insurance $ 32.00 32.00 31.00 32.00 $ 127.00 Total Deductions Net Pay

The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's payroll 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.) Earnings to End of Weekly Health Gross Previous Income Insurance. Week Taxes Deductions $12,510 $168.50 $32.00 12,240 142.45 32.00 17,740 195.05 31.00 31,420 469.05 32.00 $975.05 $127.00 $ $ 880 770 990 1,860 $4,500 ― Pay Gross Pay 880.00 770.00 990.00 1,860.00 $ 4,500.00 ΕΙ Premium Deductions Income Taxes $ 168.50 142,45 195.05 469.05 $975.05 CPP Health Insurance $ 32.00 32.00 31.00 32.00 $ 127.00 Total Deductions Net Pay

FINANCIAL ACCOUNTING
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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The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's payroll records: Employees' Names Pay Hellen Craig z jin Joseph Lim 770 12,240 142.45 Dino Patelli 990 17,740 195.05 Sharleen McFee 1,860 31,420 469.05 Employee 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.) Hellen Craig Joseph Lim Dino Patelli Earnings Weekly to End of Health Gross Previous Income. Insurance. Week Taxes Deductions $ 880 $12,510 $168.50 $ 32.00 32.00 31.00 32.00 $975.05 $127.00 Sharleen McFee Totals $4,500 $ Gross Pay 880.00 770.00 990.00 1,860.00 $ 4,500.00 ΕΙ Premium Deductions Income Taxes $168.50 $ 142.45 195.05 469.05 975.05 CPP Health Insurance $ 32.00 32.00 31.00 32.00 $ 127.00 Total Deductions Net Pay
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 payroll records: Employees' Names Pay Hellen Craig z jin Joseph Lim 770 12,240 142.45 Dino Patelli 990 17,740 195.05 Sharleen McFee 1,860 31,420 469.05 Employee 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.) Hellen Craig Joseph Lim Dino Patelli Earnings Weekly to End of Health Gross Previous Income. Insurance. Week Taxes Deductions $ 880 $12,510 $168.50 $ 32.00 32.00 31.00 32.00 $975.05 $127.00 Sharleen McFee Totals $4,500 $ Gross Pay 880.00 770.00 990.00 1,860.00 $ 4,500.00 ΕΙ Premium Deductions Income Taxes $168.50 $ 142.45 195.05 469.05 975.05 CPP Health Insurance $ 32.00 32.00 31.00 32.00 $ 127.00 Total Deductions Net Pay
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 < 1 Record the entry for payroll. Note: Enter debits before credits. Date March 09. Record entry General Journal Clear entry Debit Credit View general journal >
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 < 1 Record the entry for payroll. Note: Enter debits before credits. Date March 09. Record entry General Journal Clear entry Debit Credit View general journal >
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