When CPP amounts are missing from payroll journal entries only in the December paycheques,it may be because -

Question

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If an employee has paid the maximum amount of CPP for the year ($2,898.00 for 2020), then no further CPP amounts will be deducted from their December paycheque. This is the most likely reason for missing CPP amounts in December. Option A is incorrect as historical amounts should not affect current paycheques. Option B is unlikely to impact the entire December payroll and is more likely to impact only one or a few employees.

When CPP Amounts Are Missing from Payroll Journal Entries Only