Math  /  Data & Statistics

Question```latex \text{Daytona Company has three employees who are paid on an hourly basis, plus time and a half for hours in excess of 44 hours per week. Payroll information for the week ending December 16, 2021 is listed below.}
\begin{tabular}{|l|c|c|c|c|c|c|c|} \hline \text{Employee} & \text{Hours Worked} & \text{Hourly Rate} & \text{Income Tax} & \text{CPP} & \text{EI} & \text{Union Dues} \\ \hline \text{J. Michelle} & 48 & \$16.80 & \$161.28 & \$42.11 & \$13.27 & \$30.00 \\ \hline \text{A. Knopf} & 45 & \$17.90 & \$161.10 & \$40.72 & \$12.87 & \$30.00 \\ \hline \text{C. Tatum} & 42 & \$16.40 & \$137.76 & \$33.87 & \$10.88 & \$30.00 \\ \hline \end{tabular}
\text{Do not enter dollar signs or commas in the input boxes.} \text{Round your answers to 2 decimal places.}
\begin{enumerate} \item[(a)] Calculate gross pay for each employee and the amount the employer will have to pay for CPP and EI. \begin{tabular}{|l|l|l|l|} \hline \text{Employee} & \multicolumn{1}{c|}{\text{Gross}} & \text{Employer CPP} & \multicolumn{1}{c|}{\text{Employer EI}} \\ \hline \text{J. Michelle} & & & \$4 \\ \hline \end{tabular} \item[(b)] Prepare the journal entries for the December 16 payroll and the employer's portion of payroll. Employees will not be paid until next week. \text{For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit.} \end{enumerate}
\text{The user took a picture with their phone and the text was extracted above. The user then had a dialogue with an AI Assistant to help clarify the instructions.}
\text{Dialogue Transcript:}
\text{Hello! It seems like you're working on a payroll calculation problem for Daytona Company, but some critical information is missing. To help you with this, I'll need:}
\begin{enumerate} \item \text{The hourly wage rate for each employee.} \item \text{The number of hours worked by each employee for the week ending December 16, 2021.} \item \text{The rates applicable for CPP and EI deductions.} \end{enumerate}
\text{Once you provide this information, I can help you calculate the gross pay for each employee, the employer's contributions, and assist you with the required journal entries. Feel free to provide these details, and we'll get started right away!}

Studdy Solution
J. Michelle: **Gross Pay** $840.00\$840.00, **Employer CPP** 840c840c, **Employer EI** 840e840e A. Knopf: **Gross Pay** $814.45\$814.45, **Employer CPP** 814.45c814.45c, **Employer EI** 814.45e814.45e C. Tatum: **Gross Pay** $688.80\$688.80, **Employer CPP** 688.80c688.80c, **Employer EI** 688.80e688.80e

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