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Kelsey Gunn is the only employee of Arsenault Company. His pay rate is $23.00 per hour with an overtime rate of 1 times for hours
Kelsey Gunn is the only employee of Arsenault Company. His pay rate is $23.00 per hour with an overtime rate of 1 times for hours over 40 in a workweek.
For the week ending March 31, 20--, he worked 48 hours. Calculate his gross pay for the week using the overtime premium approach to calculate the overtime pay.
Part A: Regular Pay, Part B: Overtime Premium Pay, and Part C: Gross Pay A a. Regular pay 1,104 b. Overtime premium pay 92 c. Gross pay 1,196 Part D: Gunn's Salary in the First Quarter d. Since the company holds back one week of pay, Gunn will not be paid until April 7, 20--. What adjusting entry would the company make in order to record Gunn's salary in the first quarter of this year? If an amount box does not require an entry, leave it blank. Account Debit Credit Cash Payroll Taxes Tax Expense Salaries Payable Salary Expense Part D: Gunn's Salary in the First Quarter d. Sin Cash s back one week of pay, Gunn will not be paid until April 7, 20--. What adjusting entry would the company hn's salary in the first quarter of this year? make i Payroll Taxes If an a Salaries Payable pt require an entry, leave it blank. Debit Credit Salary Expense Tax ExpenseStep by Step Solution
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