Employees' NamesHellen CraigJoseph LimDino PatelliSharleen McFeeEmployeeHellen CraigJoseph LimDino PatelliSharleen McFeeTotalsRequired:1. Calculate the employees' El and CPP withholdings and the amounts paid to each employee. (Do not round intermecalculations. Round the final answers to 2 decimal places.)$GrossPayPay7606508701,740$4,020760.00650.00870.001,740.00$ 4,020.00Week$12,510 $168.2010,800 142.1526.0016,060194.7525.0029,980468.7526.00$973.85 $103.00ElPremiumTaxes Deductions$26.00$IncomeTaxes$Deductions168.20142.15194.75468.75973.85CPPHealthInsurance$26.0026.0025.0026.00$103.00TotalDeductionsNet Pay

Gross pay refers to the salary and wages of an employee which includes all the earnings such as…

Answered: Required: 1. Calculate the employees'…

Required: 1. Calculate the employees' El and CPP withholdings and the amounts paid to each employee. (C calculations. Round the final answers to 2 decimal places.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Employees' Names
Hellen Craig
Joseph Lim
Dino Patelli
Sharleen McFee
Employee
Hellen Craig
Joseph Lim
Dino Patelli
Sharleen McFee
Totals
Required:
1. Calculate the employees' El and CPP withholdings and the amounts paid to each employee. (Do not round interme
calculations. Round the final answers to 2 decimal places.)
$
Gross
Pay
Pay
760
650
870
1,740
$4,020
760.00
650.00
870.00
1,740.00
$ 4,020.00
Week
$12,510 $168.20
10,800 142.15
26.00
16,060
194.75
25.00
29,980
468.75
26.00
$973.85 $103.00
El
Premium
Taxes Deductions
$26.00
$
Income
Taxes
$
Deductions
168.20
142.15
194.75
468.75
973.85
CPP
Health
Insurance
$
26.00
26.00
25.00
26.00
$103.00
Total
Deductions
Net Pay

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