User Account

All Pages

Calculate and record the EI and CPP amounts

Assignment Help Financial Accounting
Reference no: EM132525313

On January 4 an employee has gross pay of $1,800. EI Rate 1.83% CPP Rate 4.95%. The company has a bi-weekly payroll schedule.

Required:

Question 1: Calculate and record the EI and CPP amounts that would be deducted from the employee's gross pay.

Reference no: EM132525313

Questions Cloud

Compute the expected return and standard deviation : You are a financial advisor who offers investment advice to your clients. There are two risky assets in the market: portfolio X and portfolio Y. X
Prepare the journal entry to record remittance of employee : Prepare the journal entry to record the remittance of the employee EI CPP and Income tax deductions and employer payroll expenses to the Receiver
What happens to your net worth in brokerage account : Explain why you may want to buy on margin. Is there any disadvantage of this strategy?
What is your bad debt expense for the year : What is your bad debt expense for the year, assuming that 7% of your year-end accounts receivable will not be collected
Calculate and record the EI and CPP amounts : Calculate and record the EI and CPP amounts that would be deducted from the employee's gross pay. On January 4 an employee has gross pay of $1,800.
What is jake weighted average cost of capital : The bonds are selling at 99% of face value. The company's tax rate is 34%. What is Jake's weighted average cost of capital?
What is the real rate of return : The yield to maturity on a coupon bond is 9% while the coupon rate is 4.5%. if the inflation is 3.5, what is the real rate of return?
Prepare the journal entry to record the employer share : On February 23, 2015 Smithfield Inc. Prepare the journal entry to record the employer's share of the payroll amounts. (Payroll taxes expenses)
Calculate the Sales per Labor Hour : Based on this information, calculate the Sales per Labor Hour (S/LH) for the dinner period (rounded to 2 decimal places)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd