Jenkins earnings recordWorkEndedJan. 4Dec. 3Dec. 10Dec. 17Dec. 24Dec. 31TotalHours404040444846StraightTime700.00700.00700.00700.00Overtime700.00700.0035,437.50700.0036,137.50805.00 36,942.50910.00 37,852.50857.5038,710.0036,400.00 2,310.00 38,710.00 38,710.00105.00Total210.00157.50700.00To Date700.00700.00FederalIncome Tax47.6047.6047.6062.2881.4870.47of BCIncomeTax18.1618.1618.1625.2732.9929.13CPPEI31.32 11.6231.3231.3211.6211.6236.5213.3615.1139.11 39.1141.712,798.16 1,082.28 1,742.90 642.59UnitedWayTotal Amount Cheque No.2.00 110.702.00110.702.00 110.702.002.00 173.292.00 154.95139.43589.30589.30 1525589.30665.57736.71702.55403104.00 6,369.93 32,340.071548157415981632 Study the Employee Earnings Record for Jason C. Jenkins below. In addition to the amounts shown in the earnings record, the employer also paid all employee benefits plus (a) an amount equal to 7 percent ofgross pay into Jenkins' pension retirement account, (b) dental insurance for Jenkins at a cost of $40 per month, and (c) parking of $35 per month. Compute the employer's total payroll expense for employee JasonC. Jenkins during 2018. Carry all amounts to the nearest cent.(Click the icon to see Jenkins earnings record.)Gross PayEmployer payroll expenses:CPP contributionsEl premiumsPensionDental insuranceParkingTotal payroll expense

Payroll: It is the reward /compensation of employees a business must pay to its employees after…

k led 4 . 3 . 10 17 .24 . 31 Hours 40 40 40 44 48 46 Straight Time 700.00 700.00 700.00 700.00 700.00 700.00 Overtime 105.00 210.00 157.50 Total 700.00 Federal To Date Income Tax 700.00 47.60 700.00 35,437.50 700.00 36,137.50 805.00 36,942.50 910.00 37,852.50 857.50 38,710.00 47.60 47.60 62.28 81.48 70.47 Income Tax 18.16 18.16 18.16 25.27 32.99 29.13 CPP EI 31.32 11.62 31.32 11.62 31.32 11.62 36.52 13.36 41.71 15.11 39.11 39.11 United Way 2.00 Total Amount Cheque No. 110.70 589.30 403 2.00 110.70 2.00 110.70 589.30 2.00 139.43 665.57 2.00 173.29 736.71 2.00 154.95 702.55 589.30 1525 1548 1574 1598 1632

k led 4 . 3 . 10 17 .24 . 31 Hours 40 40 40 44 48 46 Straight Time 700.00 700.00 700.00 700.00 700.00 700.00 Overtime 105.00 210.00 157.50 Total 700.00 Federal To Date Income Tax 700.00 47.60 700.00 35,437.50 700.00 36,137.50 805.00 36,942.50 910.00 37,852.50 857.50 38,710.00 47.60 47.60 62.28 81.48 70.47 Income Tax 18.16 18.16 18.16 25.27 32.99 29.13 CPP EI 31.32 11.62 31.32 11.62 31.32 11.62 36.52 13.36 41.71 15.11 39.11 39.11 United Way 2.00 Total Amount Cheque No. 110.70 589.30 403 2.00 110.70 2.00 110.70 589.30 2.00 139.43 665.57 2.00 173.29 736.71 2.00 154.95 702.55 589.30 1525 1548 1574 1598 1632

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter11: Current Liabilities And Payroll

Section: Chapter Questions

Problem 4PB

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