Exam 9: Payroll Procedures: the Employees Perspective

Like CPP, Federal Income Tax has a cut-off point where there is no longer Income Tax withheld.

Which report would an employer review if they wanted to check how much an employee has earned to date?

Net pay and gross pay mean the same.

Which of the following not a statutory payroll deduction?

If Sheila worked 8 hours a day for a total of 40 hours this week, how many hours of overtime will Sheila earn?

What type of account is EI Payable?

Gross pay is the same as

Using the Payroll Register below, produce the General Journal entry to record the payroll for the week ending November 22, 2019. Gross Income Department Employee Pay Tax CPP EI Net Office Sales Simone 800 116 36.22 15.06 632.72 800 George 700 93 31.27 13.15 562.58 700 Tanya 600 75 26.32 11.27 487.41 600 Steve 700 93 31.27 13.15 562.58 700 2,800 377 125.08 52.63 2,245.29 1,500 1,300

Maximum contributions for CPP, EI, and Income Tax change on an annual basis.

To examine in detail the weekly payroll for all employees, one would look at

If Carrie Stein's hourly wage is $40.00, and she worked 43 hours during the week. Assuming an overtime rate of time and a half over 40 hours, Carrie's gross pay is?

Calculate the total wages earned for each employee (assume an overtime rate of time and a half over 40 hours). a) Deon Brown earns $12 per hour and worked 42 hours in one week. b) Gerald Cornelius earns $16 per hour and worked 48 hours in one week.

Todd earns an hourly rate of $20 and had taxes, CPP, and EI withheld totaling $200. What would his net earnings be if he worked 46 hours (assuming double time over 40 hours)?

Union dues are a deduction that is usually matched by the employer.

Which of the following is a law that has no effect on payroll net earnings?

Each spring the Northern Forest Management Company needs extra tree fallers. This means that each spring 50 temporary workers are hired for a 12-week period, working 40 hours per week at $11 per hour, and then they are laid off. Please advise your thoughts on whether there is any advantage to asking 200 of the 500 permanent employees of Northern Forest Management - who make $18 per hour - to work 2 hours of overtime each workday of that 12 weeks, rather than hiring the temporary workers?

Prepare a general journal payroll entry for Fine Foods using the following information: Cumulative Weekly Earnings Gross Salary Department Vera Salerd 45,000 900 Office Saul Marriand 30,000 1,100 Sales Burt Javal 66,000 2,000 Office Assume the following: a) CPP 4.95% (exemption of $67.30); 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.

The amount of Gross Earnings, Income Tax, CPP and EI deducted is reported to the employee at the end of the year on a(n)

Net pay is the same as

If Sheila worked 12 hours on Tuesday and 5 hours on Wednesday this week, how many hours of overtime will Sheila earn?