Carla Vista Company has the following data for the weekly payroll ending May 31:     Hours Worked                         Employee   M   Tu   W   Th   F   S   Hourly Rate   CPP Deduction   Income Tax Withheld   Health Insurance A. Kassam   12   7   8   7   7   5   $16     $35.48     $93.70     $8   H. Faas   9   9   8   8   8   6   11     24.98     72.15     15   G. Labute   12   9   6   10   10   0   16     36.66     108.65     12   Employees are paid 1.5 times the regular hourly rate for all hours worked over 40 hours per week. Carla Vista Company must make payments to the workers’ compensation plan equal to 2% of the gross payroll. In addition, Carla Vista matches the employees’ health insurance contributions and accrues vacation pay at a rate of 4%.     Prepare the payroll register for the weekly payroll. Calculate each employee’s EI deduction at a rate of 1.66% of gross pay Record the payroll and Carla Vista Company’s employee benefits

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Carla Vista Company has the following data for the weekly payroll ending May 31:

    Hours Worked
                       
Employee   M   Tu   W   Th   F   S   Hourly
Rate
  CPP
Deduction
  Income Tax
Withheld
  Health
Insurance
A. Kassam   12   7   8   7   7   5   $16     $35.48     $93.70     $8  
H. Faas   9   9   8   8   8   6   11     24.98     72.15     15  
G. Labute   12   9   6   10   10   0   16     36.66     108.65     12  

Employees are paid 1.5 times the regular hourly rate for all hours worked over 40 hours per week. Carla Vista Company must make payments to the workers’ compensation plan equal to 2% of the gross payroll. In addition, Carla Vista matches the employees’ health insurance contributions and accrues vacation pay at a rate of 4%.

 
 

Prepare the payroll register for the weekly payroll. Calculate each employee’s EI deduction at a rate of 1.66% of gross pay

Record the payroll and Carla Vista Company’s employee benefits

 

 

 

 

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