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$28$ Task $3(5$ marks$)$

Record the General Journal entry based on the calculation from question Tasks $1$ and $2.$ Assume

the monthly expenses are $4$ times the weekly one you calculated in Tasks $1$ and $2.$

Prepare the general journal entry to record the salary expense offset by the amount payable to

CRA and the employees.

Wailee Company

General Journal

Project $2(25$ marks$)$

Perform manual calculations using the step by step approach.

$29$ The following information is for an employee, Auleen Carson, who works in Winnipeg.

$(1)$ Her birth date is January $29,1989.$

$(2)$ Her Social Insurance Number is $654321123.$

$(3)$ She is paid on a weekly basis $(52$ periods in a year$)$

$(4)$ Her regular rate is $$\frac{36\mathrm{.}00}{?}$ hour.

$(5)$ In this pay cycle, she worked $40$ hours at her regular rate plus $2$ hours overtime.

$(6)$ Overtime rate: $1\mathrm{.}5$ times regular rate $($will not be included in calculating vacation pay$)$

$(7)$ She is paid $6\%$ vacation pay with each pay period based on earnings, not including allowance.

$(8)$ She is paid $$50\mathrm{.}00$ each pay period for a car allowance to compensate her for using her own

vehicle while driving on company business.

$(9)$ She is paying $10\%$ of Net Taxable Earnings as federal income tax

$(10)$ She is paying $20\%$ of Net Taxable Earnings as provincial income tax

$(11)$ She pays $$15\mathrm{.}00$ per pay period for union dues and $$100\mathrm{.}00$ per pay period for RRSP$.$

$(12)$ She has authorized the employer to deduct $$5\mathrm{.}00$ per pay period for her parking fees.

$(13)$ She has authorized the employer to deduct $$10\mathrm{.}00$ per pay for a donation to the Red Cross.

$(14)$ The employer provides group life insurance for each employee, and her premium is $$30\mathrm{.}00$

including taxes per pay period.

$(15)$ An annual allowance of $$150\mathrm{.}00$ for safety shoes which will be paid entirely on this pay period.

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