rr Take me to the textThe payroll records of Russoff Restaurant provided the following information for the weekly pay period endedNovember 27, 2020. All employees are paid 1.5 times their hourly wage for hours worked in excess of 40 hours per week.The company contributes 100% for its share of CPP, and 140% of El.Employee Hours Worked Hourly Rate Controlled Tips Income Tax CPP ΕΙCaron Prosser$230$166$40.15 $13.15Diane Ferenbach$250$175$42.27 $13.79Jessie Moore$330$248$61.51 $19.58Karen Krigner$260$186$45.16 $14.65Do not enter dollar signs or commas in the input boxes.Round your answer to 2 decimal places.Employeea) Calculate gross and net pay for each employee.CaronProsserDianeFerenbachJessieGross609x42414743$$14.00$15.00$18.00$15.00$Income Tax$$LA$CPP$$$Payroll RegisterDeductionsΕΙ$LA$LA$Net Pay$$$Employer's CosCPP$LA$$

Payroll taxes refer to those taxes paid by both employer and employee in order to fund the employee…

The payroll records of Russoff Restaurant provided the following information for the weekly pay period November 27, 2020. All employees are paid 1.5 times their hourly wage for hours worked in excess of The company contributes 100% for its share of CPP, and 140% of El. Employee Caron Prosser Diane Ferenbach Jessie Moore Karen Krigner Hours Worked Hourly Rate Controlled Tips Income Tax CPP EI $166 $40.15 $13.15 $175 $42.27 $13.79 $248 $61.51 $19.58 $186 $45.16 $14.65 Employee Gross Caron Prosser Diane Ferenbach Jessie Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. a) Calculate gross and net pay for each employee. $609 x $ 42 41 47 43 $ $14.00 $15.00 $18.00 $15.00 Income Tax $ $ $ $230 $250 $330 $260 LA CPP $ $ Payroll Register Deductions ΕΙ $ $ $ LA Net Pay $ $ $

The payroll records of Russoff Restaurant provided the following information for the weekly pay period November 27, 2020. All employees are paid 1.5 times their hourly wage for hours worked in excess of The company contributes 100% for its share of CPP, and 140% of El. Employee Caron Prosser Diane Ferenbach Jessie Moore Karen Krigner Hours Worked Hourly Rate Controlled Tips Income Tax CPP EI $166 $40.15 $13.15 $175 $42.27 $13.79 $248 $61.51 $19.58 $186 $45.16 $14.65 Employee Gross Caron Prosser Diane Ferenbach Jessie Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. a) Calculate gross and net pay for each employee. $609 x $ 42 41 47 43 $ $14.00 $15.00 $18.00 $15.00 Income Tax $ $ $ $230 $250 $330 $260 LA CPP $ $ Payroll Register Deductions ΕΙ $ $ $ LA Net Pay $ $ $

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 2PB

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An analysis of the payroll for the month of November for CinMar Inc. reveals the information shown: All regular time Andrews, Lomax, and Herzog are production workers, and Dimmick is the plant manager. Hendrick is in charge of the office. Cumulative earnings paid (before deductions) in this calendar year prior to the payroll period ending November 8 were as follows: Andrews, 21,200; Lomax, 6,800; Herzog, 11,500; Dimmick, 116,200; and Hendrick, 32,800. The solution to this problem requires the following forms, using the indicated column headings: 1. Prepare an employee earnings record for each of the five employees. 2. Prepare a payroll record for each of the four weeks. 3. Prepare a labor cost summary for the month. 4. Prepare journal entries to record the following: a. The payroll for each of the four weeks. b. The payment of wages for each of the four payrolls. c. The distribution of the monthly labor costs per the labor cost summary. d. The company's payroll taxes covering the four payroll periods.
Take me to the text Sampson Hotel has three employees who are paid on an hourly basis, plus time and one half for hours in excess of 44 hours per week. Payroll information for the week ending August 14, 2020 is listed below. Employee Hours Worked Hourly Rate Income Tax CPP ΕΙ B. Penguin $52.65 $24.11 $8.32 J. Michelle $64.44 $30.30 $10.18 T. Cruise $66.80 $31.54 $10.55 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. J. Michelle $ a) Calculate gross pay for each employee and the amount the employer will have to pay for CPP and El. Employee Gross Employer CPP Employer El B. Penguin $ T. Cruise Total $ Aug 14 39 36 40 $ Record payroll $13.50 $17.90 $16.70 $ $ Aug 31 $ $ b) Prepare the journal entries for the August 14 payroll and the employer's portion of payroll. Employees will not be paid until next week. For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit…
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JYD Accounting Firm pays its employees at a rate of $50/hr. The tax and other deductions amount to 20% of monthly income in excess of $1,000 if an employee works 40 hours in 120 hours in a month. Required: Compute the following: A. Gross Pay B. Net Pay
Compute Payroll Floatin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Consultant Computer Programmer Administrator $34 per hour 1.5 times hourly rate Regular earnings rate Overtime earnings rate* Number of withholding allowances *For hourly employees, overtime is paid for hours worked in excess of 40 hours per week. Gross pay Net pay Feedback $2,010 per week Not applicable Check My Work For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined by adding $276.54 to 24% of the difference between the employee's amount subject to withholding and $1,692.00. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and one withholding allowance is $81. Consultant 3 Determine the gross pay and the net pay for…
Take me to the text An employee had $24,300 in gross earnings up to February 20, 2021. She has the following information for her pay for the week ending February 27, 2021. Her employer contributes 100% toward CPP and 140 % toward El. Vacation pay is accrued at 4% of gross pay. Workers' Compensation is 1% of gross pay. Item Amount Hours 36 Hourly Rate $16.20 Income Tax $116.64 Canada Pension Plan $28.12 Employment Insurance $9.21 Union Dues $10.00 Charitable Donations $20.00 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit accounts in alphabetical order.
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