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Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Hourly Weekly Federal Retirements
Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Hourly Weekly Federal Retirements Employee Worked Rate Salary Income Tax Savings Aaron 44 $40 $423.20 $45 Cobb 42 28 258.86 70 Clemente 47 36 345.42 401 DiMaggio 38 38 303.24 95 Griffey, Jr. 43 441 411.18 35 Mantle K $2,290 549.60 100 Robinson 35 32 168.00 40 Williams I 2,560 563.20 55 Vaughn 48 46 478.40 110 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: V 1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 2018. 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). Earnings Payroll for Week Ending December 9, 2018 Deductions Withheld Social Security Total Name Hours Tax Regular Overtime Total Medicare Tax Federal Income Tax Retirement Savings $ $ $ Aaron 44 $423.20 $45 258.86 70 Cobb 42 Clemente 47 DiMaggio 38 Griffey, 345.42 40 303.24 95 Accounting numeric field 43 411.18 35 Jr. Mantle Robinson 35 Williams 100 549.60 100 168.00 40 563.20 55 Griffey, J. 43 23 Mantle Robinson 35 Williams Vaughn 48 411.18 35 35 549.60 100 168.00 40 563.20 55 478.40 110 $ 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. Totals Payroll for Week Ending December 9, 20YS Deductions Withheld Paid Accounts Debited Federal Sales Office curity Medicare Income Retirement Ck. Salaries Tax Tax Savings Total Net Pay No. Expense Salaries Expense $ $ $ $423.20 $45 901 258.86 70 902 345.42 40 903 303.24 95 904 411.18 35 905 00000 549.60 100 906 168.00 40 907 563.20 55 908 478.40 110 909 Deductions Withheld Federal e Income Retirement Tax Savings $423.20 $45 258.86 70 345.42 40 303.24 95 411.18 35 549.60 100 168.00 40 955 563.20 55 478.40 110 $ $ Paid Accounts Debited Sales Ck. Salaries Total Net Pay No. Expense 000000000 907 908 909 906 905 902 903 904 901 1.11 00000 Office Salaries Expense
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