Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: begin{tabular}{lccccc} Employee & HoursWorked &

image text in transcribedimage text in transcribed

Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: \begin{tabular}{lccccc} Employee & HoursWorked & HourlyRate & WeeklySalary & FederalIncomeTax & RetirementsSavings \\ \hline Aaron & 44 & $40 & & $423.20 & $75 \\ Cobb & 42 & 28 & & 258.86 & 75 \\ Clemente & 45 & 36 & & 324.9 & 70 \\ DiMaggio & 37 & 38 & & 295.26 & 100 \\ Griffey, Jr. & 48 & 44 & & 480.48 & 95 \\ Mantle & & & $2,160 & 518.40 & 75 \\ Robinson & 35 & 32 & & 168.00 & 75 \\ Williams & & & 2,420 & 532.40 & 95 \\ Vaughn & 43 & 46 & & 409.40 & 75 \end{tabular} employee's annual earnings. The next payroll check to be used is No. 901. Required: nearest whole cent (two decimal places). \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{14}{|c|}{ Payroll for Week Ending December 9, 20 Y8 } \\ \hline \multirow[b]{2}{*}{ Name } & \multirow[b]{2}{*}{TotalHours} & \multicolumn{3}{|c|}{ Earnings } & \multicolumn{5}{|c|}{ Deductions Withheld } & \multicolumn{2}{|c|}{ Paid } & \multicolumn{2}{|c|}{ Accounts Debited } \\ \hline & & Regular & Overtime & Total & Social Security Tax & MedicareTax & FederalIncomeTax & RetirementSavings & Total & Net Pay & Ck. No. & SalesSalariesExpense & OfficeSalariesExpense \\ \hline Aaron & 44 & $ & $ & $ & $ & $ & $423.20 & $75 & $ & $ & 901 & $ & \\ \hline Cobb & 42 & & & & & & 258.86 & 75 & & & 902 & & \\ \hline Clemente & 45 & & & & & & 324.90 & 70 & & & 903 & & \\ \hline DiMaggio & 37 & & & & & & 295.26 & 100 & & & 904 & & \\ \hline Griffey, Jr. & 48 & & & & & & 480.48 & 95 & & & 905 & & \\ \hline Mantle & & & & & & & 518.40 & 75 & & & 906 & & $ \\ \hline Robinson & 35 & & & & & & 168.00 & 75 & & & 907 & & \\ \hline Williams & & & & & & & 532.40 & 95 & & & 908 & & \\ \hline Vaughn & 43 & & & & & & 409.40 & 75 & & & 909 & & \\ \hline Totals & & $ & $ & $ & $ & $ & $ & $ & $ & $ & & $ & $ \\ \hline \end{tabular} 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

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

Plant Auditing A Powerful Tool For Improving Metallurgical Plant Performance

Authors: Deepak Malhotra

1st Edition

0873354125, 978-0873354127

More Books

Students also viewed these Accounting questions