Question
Hours Hourly Weekly Federal Retirements Employee Worked Rate Salary Income Tax Savings Aaron 46 $44 $495.88 $90 Cobb 41 38 339.06 85 Clemente 43 46
Hours | Hourly | Weekly | Federal | Retirements | ||||||
Employee | Worked | Rate | Salary | Income Tax | Savings | |||||
Aaron | 46 | $44 | $495.88 | $90 | ||||||
Cobb | 41 | 38 | 339.06 | 85 | ||||||
Clemente | 43 | 46 | 388.93 | 80 | ||||||
DiMaggio | 34 | 32 | 228.48 | 65 | ||||||
Griffey, Jr. | 48 | 40 | 436.80 | 40 | ||||||
Mantle | $2,260 | 542.40 | 110 | |||||||
Robinson | 38 | 28 | 159.60 | 60 | ||||||
Williams | 2,530 | 556.60 | 35 | |||||||
Vaughn | 44 | 36 | 331.20 | 70 |
Employees Mantle and Williams are office staff, and all 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 is No. 901.
Required:
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1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 20Y8. 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).
Payroll for Week Ending December 9, 20Y8 | |||||||||||||
Earnings | Deductions Withheld | Paid | Accounts Debited | ||||||||||
Name | Total Hours | Regular | Overtime | Total | Social Security Tax | Medicare Tax | Federal Income Tax | Retirement Savings | Total | Net Pay | Ck. No. | Sales Salaries Expense | Office Salaries Expense |
Aaron | 46 | $fill in the blank f2f91c003fc8040_1 | $fill in the blank f2f91c003fc8040_2 | $fill in the blank f2f91c003fc8040_3 | $fill in the blank f2f91c003fc8040_4 | $fill in the blank f2f91c003fc8040_5 | $495.88 | $90 | $fill in the blank f2f91c003fc8040_6 | $fill in the blank f2f91c003fc8040_7 | 901 | $fill in the blank f2f91c003fc8040_8 | |
Cobb | 41 | fill in the blank f2f91c003fc8040_9 | fill in the blank f2f91c003fc8040_10 | fill in the blank f2f91c003fc8040_11 | fill in the blank f2f91c003fc8040_12 | fill in the blank f2f91c003fc8040_13 | 339.06 | 85 | fill in the blank f2f91c003fc8040_14 | fill in the blank f2f91c003fc8040_15 | 902 | fill in the blank f2f91c003fc8040_16 | |
Clemente | 43 | fill in the blank f2f91c003fc8040_17 | fill in the blank f2f91c003fc8040_18 | fill in the blank f2f91c003fc8040_19 | fill in the blank f2f91c003fc8040_20 | fill in the blank f2f91c003fc8040_21 | 388.93 | 80 | fill in the blank f2f91c003fc8040_22 | fill in the blank f2f91c003fc8040_23 | 903 | fill in the blank f2f91c003fc8040_24 | |
DiMaggio | 34 | fill in the blank f2f91c003fc8040_25 | fill in the blank f2f91c003fc8040_26 | fill in the blank f2f91c003fc8040_27 | fill in the blank f2f91c003fc8040_28 | 228.48 | 65 | fill in the blank f2f91c003fc8040_29 | fill in the blank f2f91c003fc8040_30 | 904 | fill in the blank f2f91c003fc8040_31 | ||
Griffey, Jr. | 48 | fill in the blank f2f91c003fc8040_32 | fill in the blank f2f91c003fc8040_33 | fill in the blank f2f91c003fc8040_34 | fill in the blank f2f91c003fc8040_35 | fill in the blank f2f91c003fc8040_36 | 436.80 | 40 | fill in the blank f2f91c003fc8040_37 | fill in the blank f2f91c003fc8040_38 | 905 | fill in the blank f2f91c003fc8040_39 | |
Mantle | fill in the blank f2f91c003fc8040_40 | fill in the blank f2f91c003fc8040_41 | fill in the blank f2f91c003fc8040_42 | 542.40 | 110 | fill in the blank f2f91c003fc8040_43 | fill in the blank f2f91c003fc8040_44 | 906 | $fill in the blank f2f91c003fc8040_45 | ||||
Robinson | 38 | fill in the blank f2f91c003fc8040_46 | fill in the blank f2f91c003fc8040_47 | fill in the blank f2f91c003fc8040_48 | fill in the blank f2f91c003fc8040_49 | 159.60 | 60 | fill in the blank f2f91c003fc8040_50 | fill in the blank f2f91c003fc8040_51 | 907 | fill in the blank f2f91c003fc8040_52 | ||
Williams | fill in the blank f2f91c003fc8040_53 | fill in the blank f2f91c003fc8040_54 | fill in the blank f2f91c003fc8040_55 | 556.60 | 35 | fill in the blank f2f91c003fc8040_56 | fill in the blank f2f91c003fc8040_57 | 908 | fill in the blank f2f91c003fc8040_58 | ||||
Vaughn | 44 | fill in the blank f2f91c003fc8040_59 | fill in the blank f2f91c003fc8040_60 | fill in the blank f2f91c003fc8040_61 | fill in the blank f2f91c003fc8040_62 | fill in the blank f2f91c003fc8040_63 | 331.20 | 70 | fill in the blank f2f91c003fc8040_64 | fill in the blank f2f91c003fc8040_65 | 909 | fill in the blank f2f91c003fc8040_66 | |
Totals | $fill in the blank f2f91c003fc8040_67 | $fill in the blank f2f91c003fc8040_68 | $fill in the blank f2f91c003fc8040_69 | $fill in the blank f2f91c003fc8040_70 | $fill in the blank f2f91c003fc8040_71 | $fill in the blank f2f91c003fc8040_72 | $fill in the blank f2f91c003fc8040_73 | $fill in the blank f2f91c003fc8040_74 | $fill in the blank f2f91c003fc8040_75 | $fill in the blank f2f91c003fc8040_76 | $fill in the blank f2f91c003fc8040_77 |
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Gross earnings reflects the total amount an employee has earned during a specific pay period before taxes and deductions. Net pay is the total earnings minus the withholdings and deductions. Remember that expenses are classified as either selling or administrative based on the purpose of the expense.
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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.
Medicare Tax ExpenseRetirement Savings Deductions PayableSalaries PayableSales Salaries ExpenseSocial Security Tax Payable | - Select - | - Select - | |
Medicare Tax ExpenseOffice Salaries ExpenseRetirement Savings Deductions PayableSalaries PayableSocial Security Tax Payable | - Select - | - Select - | |
CashOffice Salaries ExpenseSales Salaries ExpenseSocial Security Tax ExpenseSocial Security Tax Payable | - Select - | - Select - | |
CashMedicare Tax ExpenseMedicare Tax PayableOffice Salaries ExpenseSales Salaries Expense | - Select - | - Select - | |
CashEmployees Federal Income Tax ExpenseEmployees Federal Income Tax PayableOffice Salaries ExpenseSales Salaries Expense | - Select - | - Select - | |
Bond Deductions PayableCashOffice Salaries ExpenseRetirement Savings Deductions PayableSales Salaries Expense | - Select - | - Select - | |
Accounts ReceivableCashOffice Salaries ExpenseSalaries PayableSales Salaries Expense | - Select - | - Select - |
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