Lakeisha McKinney works at College of Seattle and is paid $20 per hour for a 40-hour workweek
Question:
Lakeisha McKinney works at College of Seattle and is paid $20 per hour for a 40-hour workweek and time-and-a-half for hours above 40.
Requirements
1. Compute McKinney’s gross pay for working 48 hours during the first week of February.
2. McKinney is single, and her income tax withholding is 12% of total pay. McKinney’s only payroll deductions are payroll taxes. Compute McKinney’s net (take-home) pay for the week. Assume McKinney’s earnings to date are less than the OASDI wage base.
3. Journalize the accrual of wages expense and the payment related to the employment of McKinney.
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780137858651
8th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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