Qq.11. Waterkraft rents canoes and other water crafts to campers and hikers. On September 15, 2019, Waterkraft prepared their semi-monthly payrollfor their employees. The current CPP rate is 5.1%, the current El rate is 1.62% and the appropriate income tax rate is 19%. The employer payshalf of the health care premium, and the employees pay the other half. Assume the employer contributes 100% toward CPP and 140% towardEl. Payroll information for September 15, 2019 is listed below.W19Employee Total Hours Hourly Rate Health CareM. SwiftS. CurrentB. WaveyEmployeeM. SwiftF111111WERKERZDo not enter dollar signs or commas in the input boxesRound your answer to 2 decimal placesa) Calculate gross and net pay for each employee.79.082.077.0CPPElGrossSHealth Care S$15.00$14.00$14.00"Remember to properly account for the $3.500 exemptionb) Calculate the employer contributions.Employer ContributionsSep 15$19.00$14.00$22.00e here to searchIncome TaxS...Sep 17CPP$c) Prepare the payroll journal entries for September 15, 2019 to record the salaries payable to the employees and accrue the employercontributions.•For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit accountsin alphabetical orderDate Account Title and Explanation2019Payroll RegisterDeductions..JDebitd) Prepare the entry to pay the employees on September 17, 2019.Date Account Title and ExplanationDebit201900ElS+00Health Care Total Deductions40CreditPay employeese) Prepare the entry to pay the liability to the health insurance company on September 30, 2019.Date Account Title and ExplanationDebitCredit2019Sep 30DPay health care liabilityf) Prepare the entry to pay the liabilities to the government on October 15, 2019.DateAccount Title and ExplanationDebitCredit2019Oct 15CreditNet PayS4

Payroll Payroll is the method used to compensate employees for the work they have completed. This…

Waterkraft rents canoes and other water crafts to campers and hikers. On September 15, 2019, Waterkraft prepared their semi-monthly payroll for their employees. The current CPP rate is 5.1%, the current El rate is 1.62%, and the appropriate income tax rate is 19%. The employer pays half of the health care premium, and the employees pay the other half. Assume the employer contributes 100% toward CPP and 140% toward El. Payroll information for September 15, 2019 is listed below. Employee Total Hours Hourly Rate Health Care M. Swift 79.0 82.0 77.0 S. Current B. Wavey Employee M. Swift $15.00 $14.00 $14.00 Do not enter dollar signs or commas in the input boxes. Bound your answer to 2 decimal places a) Calculate gross and net pay for each employee. Gross $19.00 $14.00 $22.00 Income Tax CPP. Payroll Register Deductions EI S Health Care Total Deductions Net Pay