Question
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 | 45 | $46 | $502.55 | $35 | ||||||
Cobb | 42 | 32 | 295.84 | 50 | ||||||
Clemente | 41 | 24 | 189.24 | 65 | ||||||
DiMaggio | 36 | 34 | 257.04 | 50 | ||||||
Griffey, Jr. | 44 | 42 | 405.72 | 35 | ||||||
Mantle | $1,900 | 456.00 | 55 | |||||||
Robinson | 38 | 36 | 205.20 | 35 | ||||||
Williams | 2,130 | 468.60 | 45 | |||||||
Vaughn | 48 | 28 | 291.20 | 70 |
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 | 45 | $fill in the blank 510f8604b01907c_1 | $fill in the blank 510f8604b01907c_2 | $fill in the blank 510f8604b01907c_3 | $fill in the blank 510f8604b01907c_4 | $fill in the blank 510f8604b01907c_5 | $502.55 | $35 | $fill in the blank 510f8604b01907c_6 | $fill in the blank 510f8604b01907c_7 | 901 | $fill in the blank 510f8604b01907c_8 | |
Cobb | 42 | fill in the blank 510f8604b01907c_9 | fill in the blank 510f8604b01907c_10 | fill in the blank 510f8604b01907c_11 | fill in the blank 510f8604b01907c_12 | fill in the blank 510f8604b01907c_13 | 295.84 | 50 | fill in the blank 510f8604b01907c_14 | fill in the blank 510f8604b01907c_15 | 902 | fill in the blank 510f8604b01907c_16 | |
Clemente | 41 | fill in the blank 510f8604b01907c_17 | fill in the blank 510f8604b01907c_18 | fill in the blank 510f8604b01907c_19 | fill in the blank 510f8604b01907c_20 | fill in the blank 510f8604b01907c_21 | 189.24 | 65 | fill in the blank 510f8604b01907c_22 | fill in the blank 510f8604b01907c_23 | 903 | fill in the blank 510f8604b01907c_24 | |
DiMaggio | 36 | fill in the blank 510f8604b01907c_25 | fill in the blank 510f8604b01907c_26 | fill in the blank 510f8604b01907c_27 | fill in the blank 510f8604b01907c_28 | 257.04 | 50 | fill in the blank 510f8604b01907c_29 | fill in the blank 510f8604b01907c_30 | 904 | fill in the blank 510f8604b01907c_31 | ||
Griffey, Jr. | 44 | fill in the blank 510f8604b01907c_32 | fill in the blank 510f8604b01907c_33 | fill in the blank 510f8604b01907c_34 | fill in the blank 510f8604b01907c_35 | fill in the blank 510f8604b01907c_36 | 405.72 | 35 | fill in the blank 510f8604b01907c_37 | fill in the blank 510f8604b01907c_38 | 905 | fill in the blank 510f8604b01907c_39 | |
Mantle | fill in the blank 510f8604b01907c_40 | fill in the blank 510f8604b01907c_41 | fill in the blank 510f8604b01907c_42 | 456.00 | 55 | fill in the blank 510f8604b01907c_43 | fill in the blank 510f8604b01907c_44 | 906 | $fill in the blank 510f8604b01907c_45 | ||||
Robinson | 38 | fill in the blank 510f8604b01907c_46 | fill in the blank 510f8604b01907c_47 | fill in the blank 510f8604b01907c_48 | fill in the blank 510f8604b01907c_49 | 205.20 | 35 | fill in the blank 510f8604b01907c_50 | fill in the blank 510f8604b01907c_51 | 907 | fill in the blank 510f8604b01907c_52 | ||
Williams | fill in the blank 510f8604b01907c_53 | fill in the blank 510f8604b01907c_54 | fill in the blank 510f8604b01907c_55 | 468.60 | 45 | fill in the blank 510f8604b01907c_56 | fill in the blank 510f8604b01907c_57 | 908 | fill in the blank 510f8604b01907c_58 | ||||
Vaughn | 48 | fill in the blank 510f8604b01907c_59 | fill in the blank 510f8604b01907c_60 | fill in the blank 510f8604b01907c_61 | fill in the blank 510f8604b01907c_62 | fill in the blank 510f8604b01907c_63 | 291.20 | 70 | fill in the blank 510f8604b01907c_64 | fill in the blank 510f8604b01907c_65 | 909 | fill in the blank 510f8604b01907c_66 | |
Totals | $fill in the blank 510f8604b01907c_67 | $fill in the blank 510f8604b01907c_68 | $fill in the blank 510f8604b01907c_69 | $fill in the blank 510f8604b01907c_70 | $fill in the blank 510f8604b01907c_71 | $fill in the blank 510f8604b01907c_72 | $fill in the blank 510f8604b01907c_73 | $fill in the blank 510f8604b01907c_74 | $fill in the blank 510f8604b01907c_75 | $fill in the blank 510f8604b01907c_76 | $fill in the blank 510f8604b01907c_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.
Retirement Savings Deductions PayableMedicare Tax ExpenseSalaries PayableSales Salaries ExpenseSocial Security Tax Payable | - Select - | - Select - | |
Retirement Savings Deductions PayableMedicare Tax ExpenseOffice Salaries ExpenseSalaries PayableSocial Security Tax Payable | - Select - | - Select - | |
CashOffice Salaries ExpenseSales Salaries ExpenseSocial Security Tax ExpenseSocial Security Tax Payable | - Select - | - Select - | |
CashMedicare Tax ExpenseMedicare Tax PayableOffice Salaries ExpenseSales Salaries Expense | - Select - | - Select - | |
CashEmployees Federal Income Tax ExpenseEmployees Federal Income Tax PayableOffice Salaries ExpenseSales Salaries Expense | - Select - | - Select - | |
Bond Deductions PayableCashOffice Salaries ExpenseRetirement Savings Deductions PayableSales Salaries Expense | - Select - | - Select - | |
Accounts ReceivableCashOffice Salaries ExpenseSalaries PayableSales Salaries Expense | - Select - | - Select - |
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