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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Sh19

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

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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