27th Edition
WARREN + 5 others
ISBN: 9781337272094




27th Edition
WARREN + 5 others
ISBN: 9781337272094
Textbook Problem

Payroll register

The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8:


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 rule 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 register for Throwback Industries Inc. for the week ended December 9, 20Y8. Use the following columns for the payroll register: Employee, Total Hours, Regular 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.

Journalize the entry to record the payroll for the week.


To determine

Payroll: The total payment that a company is required to pay to its employee for the services received is called as payroll.

Payroll withholding deduction: The amounts which the employer withheld from employees’ gross pay to deduct taxes such as federal income tax, state income tax, local income tax, and social security tax are called payroll withholding deduction.

Payroll register: A schedule which is maintained by the company to record the earnings, earnings withholdings, and net pay of each employee is referred to as payroll register.

To Prepare: a payroll register for Incorporation TI for the week ended December 9, 20Y8.


Working notes:

Calculate regular pay for A.

Regular pay = 40 hours ×$68 per hour=$2,720

Calculate overtime pay for A.

Overtime pay = (46 hours– 40 hours)×($68×1.5)= 6 hours×$102 per hour= $612

Calculate regular pay for Co.

Regular pay = 40 hours ×$62 per hour=$2,480

Calculate overtime pay for Co.

Overtime pay = (41 hours– 40 hours)×($62×1.5)= 1 hour×$93 per hour= $93

Calculate regular pay for Cl.

Regular pay = 40 hours ×$70 per hour=$2,800

Calculate overtime pay for Cl.

Overtime pay = (48 hours– 40 hours)×($70×1.5)= 8 hours×$105 per hour= $840

Calculate regular pay for D.

Regular pay = 35 hours ×$56 per hour=$1,960

Calculate regular pay for G.

Regular pay = 40 hours ×$62 per hour=$2,480

Calculate overtime pay for G.

Overtime pay = (45 hours– 40 hours)×($62×1


To determine

To Journalize:  The entry to record payroll for the week.

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