Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2018: 1 Hours Employee Worked
Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2018: 1 Hours Employee Worked Hourly Rate Weekly Salary Federal Retirements Income Tax: Savings Aaron 43 $46 $470.81 $55 Cobb 48 32 357.76 85 Clemente 45 24 216.6 50 DiMaggio 36 34 257.04 90 Griffey, Jr. 41 42 366.03 80 Mantle $1,960 470.40 105 Robinson 38 36 205.20 60 Williams 2,200 484.00 45 Vaughn 44 28 257.60 65 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: 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, 20Y8 Deductions Withheld Federal
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started