Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculator Print Item Payroll Register The following data for Throwback Industries, Inc relate to the payrall for the week ended December 9, 20YB Hours Hourly

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Calculator Print Item Payroll Register The following data for Throwback Industries, Inc relate to the payrall for the week ended December 9, 20YB Hours Hourly Rate $46 32 24 34 42 Weekly Federal Retirements Worked Salary Income Tax $486.68 295.84 230.28 257.04 392.49 501.60 205.20 514.80 291.20 $90 Cobb 42 47 36 43 DiMaggio Griffey, Jr Mantle 40 90 75 60 $2,090 36 2,340 85 Employees Mantle and willams are cmce stam. and al of the other employees are sales personnel. All sales personnel are paid 1 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 No. 901. 6 9 eBook Calculator Print Item equire 1. Prepare a payroll register for Throwback Industries, Inc. for the week ended December 9, 20Y8. Assume the normal working hours in week are 40 hours. Enter amounts as postive numbers. Round your intermediate calculations and final answers to the nearest whole cent (two decimal places). Payroll for Week Ending December 9, Deductions Federal Income Tax Earnings Social Security Medicare Total Tax Name HoursRegular Overtime Total Tax $486.68 295.84 230.28 257.04 392.49 Aaron 44 Cobb 42 Clemente 47 DIMaggio 36 Griffey, Jr. Mantle 43 501.60 205.20 Robinson 38 eBook Calculator Print Item Payroll for Week Ending December Earnings Deductions Federal Income Tax Social Security Total Medicare Tax Name HoursRegular Overtime Total Tax $486.68 295.84 230.28 257.04 Aaron 44 Cobb 42 Clemente 47 DIMaggio 36 Griffey, Jr. Mantle Robinson 38 Williams Vaughn 48 Totals 43 392.49 501.60 205.20 514.80 291.20 81%", Tue Upgrade to macOS Mojav Get Dark Mode, Stacks, new and a new Mac App Store Design Layout References Mailings Review View ma.com 011 OL Mail (10 Your Orders eBook Calculator Print Ihem Payroll for Week Ending December 9, 20YS Paid Accounts Debited Sales Office Salaries Ck Net PayNo. Expense 901 902 903 904 Income Tax Tax Savings Total $486.68 295.84 230.28 257.04 $90 392.49 905 501.60 205.20 514.80 291.20 75 907 65 908 85 6 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 t blank

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: J. David Spiceland, James Sepe, Mark Nelson

6th edition

978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163

More Books

Students also viewed these Accounting questions