The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company’s payroll records: Employees' NamesWeekly Gross PayEarnings to End of Previous WeekIncome TaxesHealth Insurance DeductionsHellen Craig$960 $12,510 $141.60 $36.00 Joseph Lim 850 13,200 111.02 36.00 Dino Patelli 1,070 18,860 170.53 35.00 Sharleen McFee 1,940 32,380 493.63 36.00 $4,820 $916.78 $143.00 Required:1. Calculate the employees’ EI and CPP withholdings and the amounts paid to each employee. (Do not round intermediate calculations. Round the final answers to 2 decimal places.)

Payroll deduction as per Canada has two major computations named Canada Pension Plan (CPP)…

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College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 4E

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The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company’s payroll records:

Employees' Names	Weekly Gross Pay	Earnings to End of Previous Week	Income Taxes	Health Insurance Deductions
Hellen Craig	$	960		$	12,510	$	141.60	$	36.00
Joseph Lim		850			13,200		111.02		36.00
Dino Patelli		1,070			18,860		170.53		35.00
Sharleen McFee		1,940			32,380		493.63		36.00
	$	4,820				$	916.78	$	143.00

Required:
1. Calculate the employees’ EI and CPP withholdings and the amounts paid to each employee. (Do not round intermediate calculations. Round the final answers to 2 decimal places.)

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