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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Carla Vista Company has the following data for the weekly payroll ending May 31:
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%.
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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