Only exercise 10-4A please and thank you? Chapter 10 Liabilities: Current, Installment Notes, and Contingencies529Instructions1. Compute the amounts to be reported for the year on each employee's Wage and Tax Statement(Form W-2), arranging the data as follows. Round all amounts to the nearest cent.1 expenses at the end of theGrossEarningsFederal IncomeTax WithheldSocial SecurityTax WithheldMedicareTax WithheldEmployeeObj. 2-mber 30 was obtained from2. Compute the following employer payroll taxes for the year: (a) social security,(b) Medicare, (c) state unemployment compensation at 5.4% on the first $10,000 of eachemployee's earnings, (d) federal unemployment compensation at 0.8% on the first $10,000 ofeach employee's earnings, and (e) total. Round all amounts to the nearest cent.$160,000Obj. 2PR 10-4A Payroll summaryThe following data for Throwback Industries Inc. relate to the payroll for the week ended December 9.10,500V1. Total net pay$15,424.129,000HoursWorkedHourlyRateWeeklySalaryFederalIncome TaxU.S. SavingsBondsEmployeeAaron46$68.00$750.20$100Cobb4162.00537.68110Clemente4870.00832.64120EXCEL TEMPLATE3556.00366.04DİMaggioGriffey, Jr.n December 31, journalize641.841304562.00Mantle$1,800342.45120Robinson3654.00382.56130Williams2,000398.24125to be paid on Decembersubject to unemploymentVaughn4262.00584.7250Employees 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 perweek. The social security tax rate is 6.0%, and Medicare tax is 1.5% of each employee's annualearnings. The next payroll check to be used is No. 901.a January 5 of the follow-o be paid on January 5.employment compensa-1. Prepare a payroll summary for Throwback Industries Inc. for the week ended December 9.Use the following columns: Employee, Total Hours, Regular Earnings, Overtime Earnings, To-tal Earnings, Social Security Tax, Medicare Tax, Federal Income Tax, U.S. Savings Bonds, TotalDeductions, Net Pay, Ck. No., Sales Salaries Expense, and Office Salaries Expense.2. Journalize the entry to record the payroll for the week.InstructionsObj. 2rees on the last day oftax were withheld ine month receives halffiled, and the cor-Obj. 2, 3PR 10-5A Payroll accounts and year-end entriesThe following accounts, with the balances indicated, appear in the ledger of Garcon Co. onaly in the

Payroll Summary - It is a report which also known as payroll activity summary report, which shows a…

PR The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9. V1. Total net pay $15,424.12 Hours Worked Hourly Rate Weekly Salary Federal Income Tax U.S. Savings Bonds Employee $100 $750.20 537.68 Aaron 46 $68.00 Cobb 41 62.00 110 Clemente 48 70.00 832.64 120 EXCEL TEMPLATE 56.00 366.04 DiMaggio Griffey, Jr. 35 45 62.00 641.84 130 120 130 Mantle $1,800 342.45 Robinson 36 54.00 382.56 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. 1. Prepare a payroll summary for Throwback Industries Inc. for the week ended December 9. Use the following columns: Employee, Total Hours, Regular Earnings, Overtime Earnings, To- tal Earnings, Social Security Tax, Medicare Tax, Federal Income Tax, U.S. Savings Bonds, Total Deductions, Net Pay, Ck. No., Sales Salaries Expense, and Office Salaries Expense. Instructions 2. Journalize the entry to record the payroll for the week.

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter10: Liabilities: Current, Installment Notes, And Contingencies

Section: Chapter Questions

Problem 10.4BE