Question
Accounting: Gloria Lindsay works at College of Seattle and is paid $40 per hour for a 40-hour workweek and time-and-a-half for hours above 40. (A)
Accounting:
Gloria Lindsay works at College of Seattle and is paid $40 per hour for a 40-hour workweek and time-and-a-half for hours above 40.
(A) Compute Lindsay's gross pay for working 56 hours during the first week of February.
(B) Lindsay is single, and her income tax withholding is 20% of total pay. Lindsay's only payroll deductions are payroll taxes. Compute Lindsay 's net (take-home) pay for the week. Assume Lindsay's earnings to date are less than the OASDI limit.
(C) Journalize the accrual of wages expense and the payments related to the employment of Gloria Lindsay.
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