( 2:38 Expert Q&A Doi # Continuing Problem In preparing for next year. Tony Freedman has hired two employees to work on an hourly be sis assisting with some troubleshooting and repair work. (Excel templates for this Continu- ing Problem are available on Mylab Account ing) Assume the following details 1. The following accounts have been added to the chart of account Wages Expense, 5110; Income Taxes Payable, 2020: CPP Payable, 2030: El Payable. 2040; and Wages Payable, 2010 b. CPP is deducted at 5.10% (considering $3,500 yearly exemption c. El is deducted at 1.625 of gross earnings d. Both employees pay income taxes et rate of 20% e. Each employee earns $20 an hour and Assume the following details: 2. The following accounts have been added to the chart of a Wages Expense. 5110 Income Taxes Payable 2020: CPP Payable, 2030. Payable. 2010. and Wages Payable, 2010 h. CPP is deducted at 5.105 (considering $3.300 yearly exemption. c. Els deducted at 1.425 of you earings. d. Both employees pay income testa rate of 20% e. Each employee earns $20 an hour and is paid time-and-a-half for how worked in excess of way 2:38 Expert Q&A Done Schedule of Accounts Receivable Priest sion Computer Centre October 31, 2002 Carson Engineering 56.240.00 Antonytale 1.800.00 Taylor Colt 2.500.00 Total Amount Due $1234000 Schedule of Accounts Payable Precision Computer Centre October 31, 2022 CityNews Staples 20.00 Total Amount Paysite 8.00 Continuing Problem ( 2:38 Expert Q&A Doi # Continuing Problem In preparing for next year. Tony Freedman has hired two employees to work on an hourly be sis assisting with some troubleshooting and repair work. (Excel templates for this Continu- ing Problem are available on Mylab Account ing) Assume the following details 1. The following accounts have been added to the chart of account Wages Expense, 5110; Income Taxes Payable, 2020: CPP Payable, 2030: El Payable. 2040; and Wages Payable, 2010 b. CPP is deducted at 5.10% (considering $3,500 yearly exemption c. El is deducted at 1.625 of gross earnings d. Both employees pay income taxes et rate of 20% e. Each employee earns $20 an hour and Assume the following details: 2. The following accounts have been added to the chart of a Wages Expense. 5110 Income Taxes Payable 2020: CPP Payable, 2030. Payable. 2010. and Wages Payable, 2010 h. CPP is deducted at 5.105 (considering $3.300 yearly exemption. c. Els deducted at 1.425 of you earings. d. Both employees pay income testa rate of 20% e. Each employee earns $20 an hour and is paid time-and-a-half for how worked in excess of way 2:38 Expert Q&A Done Schedule of Accounts Receivable Priest sion Computer Centre October 31, 2002 Carson Engineering 56.240.00 Antonytale 1.800.00 Taylor Colt 2.500.00 Total Amount Due $1234000 Schedule of Accounts Payable Precision Computer Centre October 31, 2022 CityNews Staples 20.00 Total Amount Paysite 8.00 Continuing
