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 Weekly Gross Pay $1,040 Sharleen McFee Totals 930 1,150 2,020 $5,140 Earnings to End of 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.) Previous Income Week $12,510 Gross Pay $ 1,040.00 930.00 1,150.00 2,020.00 $ 5,140.00 $ Taxes $168.90 $ 25.00 14,160 142.85 27.00 19,980 195.45 39.00 27.00 33,340 469.45 $976.65 $118.00 El Premium 0.00 Health Insurance Deductions Income Taxes $168.90 $ Deductions 142.85 195.45 469.45 976.65 $ CPP Health Insurance $ 25.00 27.00 39.00 27.00 0.00 $ 118.00 Total Deductions $ 0.00 $ - Net Pay 0.00

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 Weekly Gross Pay $1,040 Sharleen McFee Totals 930 1,150 2,020 $5,140 Earnings to End of 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.) Previous Income Week $12,510 Gross Pay $ 1,040.00 930.00 1,150.00 2,020.00 $ 5,140.00 $ Taxes $168.90 $ 25.00 14,160 142.85 27.00 19,980 195.45 39.00 27.00 33,340 469.45 $976.65 $118.00 El Premium 0.00 Health Insurance Deductions Income Taxes $168.90 $ Deductions 142.85 195.45 469.45 976.65 $ CPP Health Insurance $ 25.00 27.00 39.00 27.00 0.00 $ 118.00 Total Deductions $ 0.00 $ - Net Pay 0.00

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter9: Payroll Accounting: Employer Taxes And Reports

Section: Chapter Questions

Problem 2SEB

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