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Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Hourly Employee Worked Rate Weekly Salary Federal Retirements Income Tax Savings Aaron 47 $30 $348.45 $75 Cobb 46 42 442.47 65 Clemente 45 234.65 75 DiMaggio 36 40 302.4 90 Griffey, Jr. 44 38 367.08 75 Mantle $2.170 520.80 90 Robinson 38 34 193.80 80 Williams 2,430 534.60 60 Vaughn 41 46 381.80 100 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 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, 2018. 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 $ Aaron 47 Cobb 46 Clemente 45 DiMaggio 36 Griffey, 44 Jr. Mantle Robinson 38 Williams Vaughn 41 S Total Payroll for Week Ending December 9, 2018 Deductions Withheld Social Security Tax Medicare Tax Federal Income Tax Retirement Savings $348.45 $75 Paid Accounts Debited Sales Office Total Net Pay Ck. No. Salaries Expense Salaries Expense 901 442.47 65 902 234.65 903 302.40 90 904 367.08 905 520.80 90 906 193.80 80 907 534.60 60 908 381.80 100 Totals 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. 909

Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Hourly Employee Worked Rate Weekly Salary Federal Retirements Income Tax Savings Aaron 47 $30 $348.45 $75 Cobb 46 42 442.47 65 Clemente 45 234.65 75 DiMaggio 36 40 302.4 90 Griffey, Jr. 44 38 367.08 75 Mantle $2.170 520.80 90 Robinson 38 34 193.80 80 Williams 2,430 534.60 60 Vaughn 41 46 381.80 100 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 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, 2018. 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 $ Aaron 47 Cobb 46 Clemente 45 DiMaggio 36 Griffey, 44 Jr. Mantle Robinson 38 Williams Vaughn 41 S Total Payroll for Week Ending December 9, 2018 Deductions Withheld Social Security Tax Medicare Tax Federal Income Tax Retirement Savings $348.45 $75 Paid Accounts Debited Sales Office Total Net Pay Ck. No. Salaries Expense Salaries Expense 901 442.47 65 902 234.65 903 302.40 90 904 367.08 905 520.80 90 906 193.80 80 907 534.60 60 908 381.80 100 Totals 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. 909

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter10: Liabilities: Current, Installment Notes, And Contingencies
Section: Chapter Questions
Problem 4PA
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Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Hourly Employee Worked Rate Weekly Salary Federal Retirements Income Tax Savings Aaron 47 $30 $348.45 $75 Cobb 46 42 442.47 65 Clemente 45 234.65 75 DiMaggio 36 40 302.4 90 Griffey, Jr. 44 38 367.08 75 Mantle $2.170 520.80 90 Robinson 38 34 193.80 80 Williams 2,430 534.60 60 Vaughn 41 46 381.80 100 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 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, 2018. 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 $ Aaron 47 Cobb 46 Clemente 45 DiMaggio 36 Griffey, 44 Jr. Mantle Robinson 38 Williams Vaughn 41 S Total Payroll for Week Ending December 9, 2018 Deductions Withheld Social Security Tax Medicare Tax Federal Income Tax Retirement Savings $348.45 $75 Paid Accounts Debited Sales Office Total Net Pay Ck. No. Salaries Expense Salaries Expense 901 442.47 65 902 234.65 903 302.40 90 904 367.08 905 520.80 90 906 193.80 80 907 534.60 60 908 381.80 100 Totals 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. 909
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 Employee Worked Rate Weekly Salary Federal Retirements Income Tax Savings Aaron 47 $30 $348.45 $75 Cobb 46 42 442.47 65 Clemente 45 234.65 75 DiMaggio 36 40 302.4 90 Griffey, Jr. 44 38 367.08 75 Mantle $2.170 520.80 90 Robinson 38 34 193.80 80 Williams 2,430 534.60 60 Vaughn 41 46 381.80 100 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 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, 2018. 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 $ Aaron 47 Cobb 46 Clemente 45 DiMaggio 36 Griffey, 44 Jr. Mantle Robinson 38 Williams Vaughn 41 S Total Payroll for Week Ending December 9, 2018 Deductions Withheld Social Security Tax Medicare Tax Federal Income Tax Retirement Savings $348.45 $75 Paid Accounts Debited Sales Office Total Net Pay Ck. No. Salaries Expense Salaries Expense 901 442.47 65 902 234.65 903 302.40 90 904 367.08 905 520.80 90 906 193.80 80 907 534.60 60 908 381.80 100 Totals 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. 909
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