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Author Question: Prepare a general journal payroll entry for Manitoba Market using the following ... (Read 46 times)

appyboo

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Prepare a general journal payroll entry for Manitoba Market using the following information:

CumulativeWeekly Salary
EarningsBefore PayrollDepartment
Sam Schmidt35,000  700Office
Marianne Saul40,000  800Sales
Jay Bachal50,0001,000Office

Assume the following:
a) CPP 4.95%; EI 1.88%
b) Income Tax (including Federal and Provincial Income Tax) is 22% of gross pay
c) Each employee pays $10 per week for medical insurance.


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Marked as best answer by appyboo on Nov 11, 2019

moormoney

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appyboo

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Reply 2 on: Nov 11, 2019
Excellent


amandalm

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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