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 Weekly Gross Pay Earnings to End of Previous Week Income Taxes Health Insurance Deductions Hellen Craig $ 960 $ 12,510 $ 141.60 $ 36.00 Joseph Lim 850 13,200 111.02 36.00 Dino Patelli 1,070 18,860 170.53 35.00 Sharleen McFee 1,940 32,380 493.63 36.00 $ 4,820 $ 916.78 $ 143.00 Required: 1. Calculate the employees’ EI and CPP withholdings and the amounts paid to each employee. (Do not round intermediate calculations. Round the final answers to 2 decimal places.)
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 Weekly Gross Pay Earnings to End of Previous Week Income Taxes Health Insurance Deductions Hellen Craig $ 960 $ 12,510 $ 141.60 $ 36.00 Joseph Lim 850 13,200 111.02 36.00 Dino Patelli 1,070 18,860 170.53 35.00 Sharleen McFee 1,940 32,380 493.63 36.00 $ 4,820 $ 916.78 $ 143.00 Required: 1. Calculate the employees’ EI and CPP withholdings and the amounts paid to each employee. (Do not round intermediate calculations. Round the final answers to 2 decimal places.)
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 | Weekly Gross Pay | Earnings to End of Previous Week | Income Taxes | Health Insurance Deductions | ||||||||
| Hellen Craig | $ | 960 | $ | 12,510 | $ | 141.60 | $ | 36.00 | ||||
| Joseph Lim | 850 | 13,200 | 111.02 | 36.00 | ||||||||
| Dino Patelli | 1,070 | 18,860 | 170.53 | 35.00 | ||||||||
| Sharleen McFee | 1,940 | 32,380 | 493.63 | 36.00 | ||||||||
| $ | 4,820 | $ | 916.78 | $ | 143.00 | |||||||
Required:
1. Calculate the employees’ EI and CPP withholdings and the amounts paid to each employee. (Do not round intermediate calculations. Round the final answers to 2 decimal places.)
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