Question : 11) Refer to Table 11-15. What the amount of the : 1212490

 

11) Refer to Table 11-15. What is the amount of the CPP deduction if the basic exemption is included in the calculation?

A) $0

B) $49.56

C) $52.89

D) $46.23

 

12) Refer to Table 11-15. What is the correct journal entry to record the employer’s share of the withholdings?

A)

Employee benefits expense

91.23

 

            CPP payable

 

49.56

            EI payable

 

25.65

            Worker’s compensation payable

 

16.02

 

B)

Employee benefits expense

  83.90

 

            CPP payable

 

49.56

            EI payable

 

18.32

            Worker’s compensation payable

 

16.02

 

C)

Employee benefits expense

75.21

 

            CPP payable

 

49.56

            EI payable

 

25.65

 

D)

Employee benefits expense

67.88

 

            CPP payable

 

49.56

            EI payable

 

18.32

 

 

Table 11-16

 

Sandra Singh works as the manager for the Shmenge Brothers music store. She earns $1,200 a week for a 40-hour week and time and a half for anything over 40 hours per week. During the first week of the year, Sandra worked 46 hours. The income tax withholdings are 20% of gross earnings. Canada Pension Plan deductions are 4.95% of gross earnings and Employment Insurance deductions are 1.83% of gross earnings. The worker’s compensation premium is 1.6% of gross earnings. Ignore the basic Canada Pension Plan exemption.

 

13) Refer to Table 11-16. What is the correct journal entry to record the salary expense?

A)

Salary expense – regular

1,200.00

 

            Income tax payable

 

240.00

            CPP payable

 

59.40

            EI payable

 

21.96

            Cash

 

878.64

Salary expense – overtime

  270.00

 

            Cash

 

  270.00

 

B)

Salary expense

1,470.00

 

            Income tax payable

 

294.00

            CPP payable

 

72.77

            EI payable

 

26.90

            Cash

 

1,076.33

 

C)

Salary expense

1,470.00

 

            Income tax payable

 

294.00

            CPP payable

 

72.77

            EI payable

 

26.90

            Worker’s compensation payable

 

  23.52

            Cash

 

1,052.81

 

D)

Salary expense

1,470.00

 

            Income tax payable

 

294.00

            CPP payable

 

72.77

            EI payable

 

37.66

            Cash

 

1,065.57

14) Refer to Table 11-16. What is the amount of the CPP deduction if the basic exemption is included in the calculation?

A) $0

B) $72.77

C) $76.11

D) $69.43

 

15) Refer to Table 11-16. What is the correct journal entry to record the employer’s share of the withholdings?

A)

Employee benefits expense

123.19

 

            CPP payable

 

  72.77

            EI payable

 

26.90

            Worker’s compensation payable

 

23.52

 

B)

Employee benefits expense

133.95

 

            CPP payable

 

  72.77

            EI payable

 

  37.66

            Worker’s compensation payable

 

23.52

 

C)

Employee benefits expense

99.67

 

            CPP payable

 

  72.77

            EI payable

 

26.90

 

D)

Employee benefits expense

110.43

 

            CPP payable

 

72.77

            EI payable

 

37.66

 

16) Harold Munster earned $2,400 in wages and $650 in sales commissions for the month of November. Harold’s payroll deductions include income tax of 15 percent, Canada Pension of 4.95 percent on earnings and Employment Insurance of 1.83 percent on earnings.

 

Prepare the journal entries to record the payroll and the payroll taxes imposed on Harold Munster. Explanations are not required and ignore the annual exemption for the CPP calculation.