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 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 $35
Cobb 42 28 258.86 50
Clemente 45 36 324.9 90
DiMaggio 36 38 287.28 90
Griffey, Jr. 48 44 480.48 85
Mantle $2,050 492.00 95
Robinson 38 32 182.40 110
Williams 2,300 506.00 100
Vaughn 43 46 409.40 45

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
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 44 $fill in the blank b3315e063fee00d_1 $fill in the blank b3315e063fee00d_2 $fill in the blank b3315e063fee00d_3 $fill in the blank b3315e063fee00d_4 $fill in the blank b3315e063fee00d_5 $423.20 $35 $fill in the blank b3315e063fee00d_6 $fill in the blank b3315e063fee00d_7 901 $fill in the blank b3315e063fee00d_8
Cobb 42 fill in the blank b3315e063fee00d_9 fill in the blank b3315e063fee00d_10 fill in the blank b3315e063fee00d_11 fill in the blank b3315e063fee00d_12 fill in the blank b3315e063fee00d_13 258.86 50 fill in the blank b3315e063fee00d_14 fill in the blank b3315e063fee00d_15 902 fill in the blank b3315e063fee00d_16
Clemente 45 fill in the blank b3315e063fee00d_17 fill in the blank b3315e063fee00d_18 fill in the blank b3315e063fee00d_19 fill in the blank b3315e063fee00d_20 fill in the blank b3315e063fee00d_21 324.90 90 fill in the blank b3315e063fee00d_22 fill in the blank b3315e063fee00d_23 903 fill in the blank b3315e063fee00d_24
DiMaggio 36 fill in the blank b3315e063fee00d_25 fill in the blank b3315e063fee00d_26 fill in the blank b3315e063fee00d_27 fill in the blank b3315e063fee00d_28 287.28 90 fill in the blank b3315e063fee00d_29 fill in the blank b3315e063fee00d_30 904 fill in the blank b3315e063fee00d_31
Griffey, Jr. 48 fill in the blank b3315e063fee00d_32 fill in the blank b3315e063fee00d_33 fill in the blank b3315e063fee00d_34 fill in the blank b3315e063fee00d_35 fill in the blank b3315e063fee00d_36 480.48 85 fill in the blank b3315e063fee00d_37 fill in the blank b3315e063fee00d_38 905 fill in the blank b3315e063fee00d_39
Mantle fill in the blank b3315e063fee00d_40 fill in the blank b3315e063fee00d_41 fill in the blank b3315e063fee00d_42 492.00 95 fill in the blank b3315e063fee00d_43 fill in the blank b3315e063fee00d_44 906 $fill in the blank b3315e063fee00d_45
Robinson 38 fill in the blank b3315e063fee00d_46 fill in the blank b3315e063fee00d_47 fill in the blank b3315e063fee00d_48 fill in the blank b3315e063fee00d_49 182.40 110 fill in the blank b3315e063fee00d_50 fill in the blank b3315e063fee00d_51 907 fill in the blank b3315e063fee00d_52
Williams fill in the blank b3315e063fee00d_53 fill in the blank b3315e063fee00d_54 fill in the blank b3315e063fee00d_55 506.00 100 fill in the blank b3315e063fee00d_56 fill in the blank b3315e063fee00d_57 908 fill in the blank b3315e063fee00d_58
Vaughn 43 fill in the blank b3315e063fee00d_59 fill in the blank b3315e063fee00d_60 fill in the blank b3315e063fee00d_61 fill in the blank b3315e063fee00d_62 fill in the blank b3315e063fee00d_63 409.40 45 fill in the blank b3315e063fee00d_64 fill in the blank b3315e063fee00d_65 909 fill in the blank b3315e063fee00d_66
Totals $fill in the blank b3315e063fee00d_67 $fill in the blank b3315e063fee00d_68 $fill in the blank b3315e063fee00d_69 $fill in the blank b3315e063fee00d_70 $fill in the blank b3315e063fee00d_71 $fill in the blank b3315e063fee00d_72 $fill in the blank b3315e063fee00d_73 $fill in the blank b3315e063fee00d_74 $fill in the blank b3315e063fee00d_75 $fill in the blank b3315e063fee00d_76 $fill in the blank b3315e063fee00d_77

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.

Sales Salaries Expense fill in the blank c28971073043f98_2 fill in the blank c28971073043f98_3
Office Salaries Expense fill in the blank c28971073043f98_5 fill in the blank c28971073043f98_6
Social Security Tax Payable fill in the blank c28971073043f98_8 fill in the blank c28971073043f98_9
Medicare Tax Payable fill in the blank c28971073043f98_11 fill in the blank c28971073043f98_12
Employees Federal Income Tax Payable fill in the blank c28971073043f98_14 fill in the blank c28971073043f98_15
Retirement Savings Deductions Payable fill in the blank c28971073043f98_17 fill in the blank c28971073043f98_18
Salaries Payable fill in the blank c28971073043f98_20 fill in the blank c28971073043f98_21

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

Principles Of Financial Accounting (Chapters 1-17)

Authors: John Wild

25th Edition

1260780147, 9781260780147

More Books

Students also viewed these Accounting questions

Question

Explain all drawbacks of application procedure.

Answered: 1 week ago