Write the payroll reporting journal entries

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Reference no: EM133200608

COMPREHENSIVE IN CLASS NET PAY CALCULATION 

COMPREHENSIVE NET PAY CALCULATION 20% IN THE FINAL

Problem 1:

Draper Company, Ontario has the following workers data on cc code 2 for the yearly payroll ending March 31:

Employee

Weekly  Hours Worked

Annual pay

A

48

26000

B

45

24000

C

42

23000

D

41

22000

E

40

20000

Calculate the following and write the payroll reporting journal entries if the workers are paid

1.Weekly 

2. Bi-weekly 

3. Semi - monthly 

4. monthly

(Show ALL in a separate tables)

1. Gross pay of each worker

2. CPP deduction

3. EI deduction

4. Provincial income tax

5. Federal income tac

6. Total income tax

7. Total deduction

8. CPP benefit expense to employer

9. EI benefit expense to employer

10. Total payroll liability payable by the employer   

11. PASS ALL PAYROLL REPORTING JOURNAL ENTRIES

Reference no: EM133200608

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