Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Hourly Weekly Federal Retirements Employee Worked Rate Salary Income Tax Savings Aaron 46 $40 $450.80 $55 Cobb 41 28 249.83 65 Clemente 43 36 304.38 80 DiMaggio 38 38 303.24 55 Griffey, Jr. 48 44 480.48 75 Mantle $2,090 501.60 55 Robinson 35 55 32 32 168.00 35 Williams 2,340 514.80 45 Vaughn 44 46 423.20 70 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1½ times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6%, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 901. Required: 1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 20Y8. Assume the normal working hours in a week are 40 hours. Enter amounts as positive numbers. Round your intermediate calculations and final answers to the nearest whole cent (two decimal places). Earnings Total Name Hours Regular Overtime Total Aaron 46 $ Cobb 41 Clemente 43 DiMaggio 38 Griffey, 48 Mantle Robinson 35 Williams Vaughn 44 Totals Payroll for Week Ending December 9, 20Y8 Deductions Withheld Federal Social Security Medicare Income Retirement Tax Tax Tax Savings Total $450.80 $55 $ 249.83 65 304.38 80 303.24 55 480.48 75 501.60 55 168.00 35 514.80 45 423.20 70 0 2. Journalize the entry to record the payroll for the week. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank.
Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Hourly Weekly Federal Retirements Employee Worked Rate Salary Income Tax Savings Aaron 46 $40 $450.80 $55 Cobb 41 28 249.83 65 Clemente 43 36 304.38 80 DiMaggio 38 38 303.24 55 Griffey, Jr. 48 44 480.48 75 Mantle $2,090 501.60 55 Robinson 35 55 32 32 168.00 35 Williams 2,340 514.80 45 Vaughn 44 46 423.20 70 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1½ times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6%, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 901. Required: 1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 20Y8. Assume the normal working hours in a week are 40 hours. Enter amounts as positive numbers. Round your intermediate calculations and final answers to the nearest whole cent (two decimal places). Earnings Total Name Hours Regular Overtime Total Aaron 46 $ Cobb 41 Clemente 43 DiMaggio 38 Griffey, 48 Mantle Robinson 35 Williams Vaughn 44 Totals Payroll for Week Ending December 9, 20Y8 Deductions Withheld Federal Social Security Medicare Income Retirement Tax Tax Tax Savings Total $450.80 $55 $ 249.83 65 304.38 80 303.24 55 480.48 75 501.60 55 168.00 35 514.80 45 423.20 70 0 2. Journalize the entry to record the payroll for the week. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Payroll Register
The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8:
Hours
Hourly
Weekly
Federal
Retirements
Employee
Worked
Rate
Salary
Income Tax
Savings
Aaron
46
$40
$450.80
$55
Cobb
41
28
249.83
65
Clemente
43
36
304.38
80
DiMaggio
38
38
303.24
55
Griffey, Jr.
48
44
480.48
75
Mantle
$2,090
501.60
55
Robinson
35
55
32
32
168.00
35
Williams
2,340
514.80
45
Vaughn
44
46
423.20
70
Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales
personnel are paid 1½ times the regular rate for all hours in excess of 40 hours per week. The social security tax
rate is 6%, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is
No. 901.
Required:
1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 20Y8. Assume the
normal working hours in a week are 40 hours. Enter amounts as positive numbers. Round your intermediate
calculations and final answers to the nearest whole cent (two decimal places).
Transcribed Image Text:Earnings
Total
Name
Hours
Regular
Overtime
Total
Aaron
46
$
Cobb
41
Clemente 43
DiMaggio 38
Griffey,
48
Mantle
Robinson 35
Williams
Vaughn
44
Totals
Payroll for Week Ending December 9, 20Y8
Deductions Withheld
Federal
Social Security
Medicare
Income
Retirement
Tax
Tax
Tax
Savings
Total
$450.80
$55 $
249.83
65
304.38
80
303.24
55
480.48
75
501.60
55
168.00
35
514.80
45
423.20
70
0
2. Journalize the entry to record the payroll for the week. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank.
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