Payroll Register The following data for Throwback Industries, Inc. relate to the payroll for the week ended December 9: Hours Hourly Weekly Federal U.S. Savings Employee Worked Rate Salary Income Tax Bonds Blanda 48 $46 $550.16 $70 Dawson 44 32 316.48 85 Fouts 42 24 196.08 75 Griese 35 34 249.9 60 Namath 45 42 418.95 110 Marino $1,970 472.80 95 Staubach 36 36 194.40 105 Starr 2,210 486.20 95 Unitas 41 28 232.40 85 Employees Marino and Starr are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1/2 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. 625. Required: 1. Prepare a payroll summary for Throwback Industries, Inc. for the week ended December 9. 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 Earnings Deductions Paid Accounts Debited office Social Security Tax Medicare Total Hours Federal Income Tax U.S. Savings Bonds Ck Sales Salaries Expense Salaries Expense Name Regular Overtime Total Tax Total Net Pay No. $ $ $ $ $ $ $ Blanda 48 $550.16 $70 $ 625 ll Dawson 44 316.48 85 626 Fouts 42 196.08 75 627 Payroll for Week Ending December 9 Earnings Deductions Paid Accounts Debited Total Name Hours Social Security Tax Medicare Tax Federal Income Tax U.S. Savings Bonds Office Salaries Expense Regular Overtime Total Total Sales Ck Salaries No. Expense $ 625 Net Pay $ $ $ $ $ Blanda 48 $550.16 $ 70 $ Dawson 44 316.48 85 626 Fouts 42 196.08 75 627 Griese 35 249.90 60 628 Namath 45 418.95 110 629 Marino 472.80 95 630 10. Staubach 36 194.40 105 631 Starr 486.20 95 632 Unitas 41 232.40 85 633 $ $ $ $ $ $ $ $ Totals 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. Payroll Register The following data for Throwback Industries, Inc. relate to the payroll for the week ended December 9: Hours Hourly Weekly Federal U.S. Savings Employee Worked Rate Salary Income Tax Bonds Blanda 48 $46 $550.16 $70 Dawson 44 32 316.48 85 Fouts 42 24 196.08 75 Griese 35 34 249.9 60 Namath 45 42 418.95 110 Marino $1,970 472.80 95 Staubach 36 36 194.40 105 Starr 2,210 486.20 95 Unitas 41 28 232.40 85 Employees Marino and Starr are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1/2 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. 625. Required: 1. Prepare a payroll summary for Throwback Industries, Inc. for the week ended December 9. 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 Earnings Deductions Paid Accounts Debited office Social Security Tax Medicare Total Hours Federal Income Tax U.S. Savings Bonds Ck Sales Salaries Expense Salaries Expense Name Regular Overtime Total Tax Total Net Pay No. $ $ $ $ $ $ $ Blanda 48 $550.16 $70 $ 625 ll Dawson 44 316.48 85 626 Fouts 42 196.08 75 627 Payroll for Week Ending December 9 Earnings Deductions Paid Accounts Debited Total Name Hours Social Security Tax Medicare Tax Federal Income Tax U.S. Savings Bonds Office Salaries Expense Regular Overtime Total Total Sales Ck Salaries No. Expense $ 625 Net Pay $ $ $ $ $ Blanda 48 $550.16 $ 70 $ Dawson 44 316.48 85 626 Fouts 42 196.08 75 627 Griese 35 249.90 60 628 Namath 45 418.95 110 629 Marino 472.80 95 630 10. Staubach 36 194.40 105 631 Starr 486.20 95 632 Unitas 41 232.40 85 633 $ $ $ $ $ $ $ $ Totals 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