ure Value Hardware has four employees who are paid on an hourly basis, plus time...
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Accounting
ure Value Hardware has four employees who are paid on an hourly basis, plus time and a half for hours worked in excess of 40 hours a week. Payroll data for the week ended March 14, 2021, follow:
Employee | Total Hours | Hourly Rate | CPP | EI | Income Tax | United Way | ||||||||||||
I. Dahl | 38.0 | $18.00 | $30.53 | $11.35 | $80.50 | $7.60 | ||||||||||||
F. Gualtieri | 42.8 | 16.00 | 31.67 | 11.74 | 92.95 | 7.75 | ||||||||||||
G. Ho | 43.3 | 15.75 | 31.71 | 11.75 | 91.00 | 4.90 | ||||||||||||
A. Israeli | 44.5 | 14.80 | 30.92 | 11.49 | 88.60 | 9.50 |
Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 52.76.)
SURE VALUE HARDWARE Payroll Register |
Gross Earnings | Deductions | ||||||||||||||||||||
Employee | Hours | Regular | Overtime | Gross Pay | CPP | EI | Income Tax | United Way | Total | Net Pay | |||||||||||
I. Dahl | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||
F. Gualtieri | |||||||||||||||||||||
G. Ho | |||||||||||||||||||||
A. Israeli | |||||||||||||||||||||
Totals | $ | $ | $ | $ | $ | $ | $ | $ | $ |
Record the payroll on March 14 and the accrual of employee benefits expense. Assume the company accrues 4% for vacation pay. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g. 52.76.)
Date | Account Titles and Explanation | Debit | Credit |
Mar. 14 | |||
(To record salaries expense.) | |||
Mar. 14 | |||
(To record employer benefits expense.) |
Record the payment of the payroll on March 14. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g. 52.76.)
Date | Account Titles and Explanation | Debit | Credit |
Mar. 14 | |||
(To record payment of salaries payable.) |
Record the payment of remittances to the Receiver General on April 15. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g. 52.76.)
Date | Account Titles and Explanation | Debit | Credit |
Apr. 15 | |||
(To record remittance of benefits deducted.) |
Attempts: 0 of 1 used
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