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: Hours Employee Worked Hourly

image text in transcribedimage 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: Hours Employee Worked Hourly Rate Weekly Salary Federal Income Tax Retirements Savings Aaron 44 $44 $465.52 $55 Cobb 42 38 351.31 100 Clemente 47 46 441.37 40 DiMaggio 36 32 241.92 45 Griffey, Jr. 43 40 373.80 60 Mantle $2,230 535.20 55 Robinson 35 28 147.00 85 Williams 2,500 Vaughn 48 36 550.00 374.40 110 85 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, 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

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

Financial and Managerial Accounting Information for Decisions

Authors: John Wild, Ken Shaw, Barbara Chiappetta

6th edition

78025761, 978-0078025761

More Books

Students also viewed these Accounting questions

Question

What are the pros and cons of using social media at work? Discuss.

Answered: 1 week ago

Question

Draw a schematic diagram of I.C. engines and name the parts.

Answered: 1 week ago

Question

Explain the coverage features of watercraft policies

Answered: 1 week ago

Question

Explain what is meant by vicarious liability

Answered: 1 week ago