PR 11-4A Payroll register OBJ. 2,3 The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Worked Hourly Rate Weekly Salary Federal Income Tax Retirement Employee Savings Aaron 46 $68.00 $750.20 $100 Cobb 41 62.00 537.68 110 Clemente 48 70.00 832.64 120 DiMaggio Griffey, Jr. 35 56.00 366.04 45 62.00 641.84 130 Mantle $1,800 342.45 120 Robinson 36 54.00 382.56 130 Williams 2,000 398.24 125 Vaughn 42 62.00 584.72 50 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 12 times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0%, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 901. Instructions 1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 20Y8. Use the following columns for the payroll register: Employee, Total Hours, Reg- ular Earnings, Overtime Earnings, Total Earnings, Social Security Tax, Medicare Tax, Federal Income Tax, Retirement Savings, Total Deductions, Net Pay, Ck. No., Sales Salaries Expense, and Office Salaries Expense. 2. Journalize the entry to record the payroll for the week.
PR 11-4A Payroll register OBJ. 2,3 The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Worked Hourly Rate Weekly Salary Federal Income Tax Retirement Employee Savings Aaron 46 $68.00 $750.20 $100 Cobb 41 62.00 537.68 110 Clemente 48 70.00 832.64 120 DiMaggio Griffey, Jr. 35 56.00 366.04 45 62.00 641.84 130 Mantle $1,800 342.45 120 Robinson 36 54.00 382.56 130 Williams 2,000 398.24 125 Vaughn 42 62.00 584.72 50 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 12 times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0%, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 901. Instructions 1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 20Y8. Use the following columns for the payroll register: Employee, Total Hours, Reg- ular Earnings, Overtime Earnings, Total Earnings, Social Security Tax, Medicare Tax, Federal Income Tax, Retirement Savings, Total Deductions, Net Pay, Ck. No., Sales Salaries Expense, and Office Salaries Expense. 2. Journalize the entry to record the payroll for the week.
Accounting
27th Edition
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Chapter11: Current Liabilities And Payroll
Section: Chapter Questions
Problem 11.4BPR
Related questions
Question
Transcribed Image Text:PR 11-4A Payroll register
OBJ. 2,3
The following data for Throwback Industries Inc. relate to the payroll for the week ended
December 9, 20Y8:
Hours
Worked
Hourly
Rate
Weekly
Salary
Federal
Income Tax
Retirement
Employee
Savings
Aaron
46
$68.00
$750.20
$100
Cobb
41
62.00
537.68
110
Clemente
48
70.00
832.64
120
DiMaggio
Griffey, Jr.
35
56.00
366.04
45
62.00
641.84
130
Mantle
$1,800
342.45
120
Robinson
36
54.00
382.56
130
Williams
2,000
398.24
125
Vaughn
42
62.00
584.72
50
Employees Mantle and Williams are office staff, and all of the other employees are sales
personnel. All sales personnel are paid 12 times the regular rate for all hours in excess of
40 hours per week. The social security tax rate is 6.0%, and Medicare tax is 1.5% of each
employee's annual earnings. The next payroll check to be used is No. 901.
Instructions
1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9,
20Y8. Use the following columns for the payroll register: Employee, Total Hours, Reg-
ular Earnings, Overtime Earnings, Total Earnings, Social Security Tax, Medicare Tax,
Federal Income Tax, Retirement Savings, Total Deductions, Net Pay, Ck. No., Sales
Salaries Expense, and Office Salaries Expense.
2. Journalize the entry to record the payroll for the week.
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