4/16/2023 Mustafa Khwaja

Entry: April 5th, 2023

Deductions Pay Distribution

EI Income Medical United Total Office Guide
Employee Gross Pay CPP Net Pay
Premiums Taxes Ins. Way Deductions Salaries Salaries
Wynn, L. $1,200.00 $19.56 $246.21 $65.00 $67.40 $40.00 $438.17 $761.83 $1,200.00
Short, M. $950.00 $15.49 $166.12 $65.00 $52.52 $100.00 $399.13 $550.87 $950.00
Pearl, P. $1,150.00 $18.75 $228.52 $65.00 $64.42 $- $376.69 $773.31 $1,150.00
Quincy, B. $875.00 $14.26 $145.06 $65.00 $48.06 $50.00 $322.38 $552.62 $875.00
Totals $4,175.00 $68.06 $785.91 $260.00 $232.40 $190.00 $1,536.37 $2,638.63 $950.00 $3,225.00

Period Ending March 23, 2021

April 7 Record Employee Payroll Liabilities

March 23 Salary Expense 65,950.00
Employee’s EI Payable 1,055.60
Income Tax Payable 16,957.20
Employee’s CPP Payable 3,403.40
Medical Insurance Payable 1,150.00
United Way Payable 1,319.00
Salaries Payable 42064.80
April 8 Record Employer Payroll Liabilities
March 23 EI Expense 1477.84
CPP Expense 3403.40
EI Payable 1477.84
CPP Payable 3403.40
April 9 Record Payment to Receiver General
April 15 EI Payable 1477.84
CPP Payable 3403.40
Employee’s EI Payable 1055.60
Employee’s CPP Payable 3403.40
Income Tax Payable 16,957.20
Cash 26,297.44
To record the remittance of payroll liabilities