The payroll department is asked to make a payroll summary of the workers employed by A-Z Company. The two workers, Jane and Max work for the selling department and the rest for admin department . Jane also contributes $45 to Canada Bond Saving and has instructed the employer to deduct from her pay. Each worker contributes $25 for Union Dues and $55 for hospital insurance. Further information is given to the accountant. Weekly Pay Employees Hours worked Hourly rate $ John 52 28 Jane 43 35 Max 47 42 REQUIRED Calculate the following Gross salary of each worker Tax to be deducted if the rate is 18% Employment insurance for both employee and employer [1.87%] Canada pension for both employee and employer [4.95%] Make a schedule for the employees using the format. Journalize the pay roll information of employees only.
The payroll department is asked to make a payroll summary of the workers employed by A-Z Company. The two workers, Jane and Max work for the selling department and the rest for admin department . Jane also contributes $45 to Canada Bond Saving and has instructed the employer to deduct from her pay. Each worker contributes $25 for Union Dues and $55 for hospital insurance. Further information is given to the accountant.
Weekly Pay
|
Employees |
Hours worked |
Hourly rate $ |
|
John |
52 |
28 |
|
Jane |
43 |
35 |
|
Max |
47 |
42 |
REQUIRED
-
Calculate the following
-
Gross salary of each worker
-
Tax to be deducted if the rate is 18%
-
Employment insurance for both employee and employer [1.87%]
-
Canada pension for both employee and employer [4.95%]
-
-
Make a schedule for the employees using the format.
-
Journalize the pay roll information of employees only.
-
Calculate the total contributions that the employer has to make on his employees in terms of CPP and EI
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