Amazing Company has three employees - Small, Medium, Large. Information for their weekly payroll is given below. Employees are paid 1.5 times the regular hourly rate for all hours worked over 40 hours in a week. Employment Insurance (EI) is calculated and deducted from gross pay. EI deduction is calculated at a rate of 2% of Gross Pay and employer's EI contribution is 1.4 times of employee contribution. Employee EI deduction has been calculated but you are expected to correct the numbers if you see any errors. CPP contribution amounts are same for employees and employer. No WCB contribution is made. However, employer accrues for vacation pay at a rate of 5% of gross pay for each week and matches the employees' health insurance contribution. Employee Total Hours Worked Regular Hourly Rate Income Tax Deduction CPP Deduction Employee EI Deduction Employee Deduction for Insurance - Health Small 39 $18.00 $99.50 $33.07 $14.04 $10.00 Medium 40 $20.00 $107.30 $36.90 $16.00 $11.00 Large 38 $22.00 $115.80 $39.15 $16.72 $12.00
Based on the information provided above, please select the best answers below. Amounts in a journal entry should be presented in descending order, highest number first. If there is no correct item, select NA and 0. All figured rounded to nearest whole number.
Journal Entry to Record Payroll. You must record liabilities in alphabetic order.
Journal Entry to Record Employee Benefits Expense. You must record liabilities in alphabetic order.
Total Deduction for each employee
Total Deduction for Small
Total Deduction for Medium
Total Deduction for Large