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Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2048: Hours Hourly Weekly Federal Retirements
Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2048: Hours Hourly Weekly Federal Retirements Worked Rate Salary Income Tax Savings Employee Aaron 44 $44 $465.52 $45 Cobb 42 38 351.31 100 Clemente 47 46 441.37 100 34 32 228.48 65 DiMaggio Griffey, Jr. 43 40 373.80 75 Mantle $2,210 530.40 50 Robinson 38 28 159.60 35 Williams 2,480 545.60 100 Vaughn 48 36 374.40 110 Employees Mantle and Williams 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 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 N 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 Deductions Withheld Earnings Federal Social Security Total Medicare Income Retirement Earnings Payroll for Week Ending December 9, 20Y8 Deductions Withheld Federal Social Security Medicare Income Retirement Tax Tax Tax Savings Total Hours Name Regular Overtime Total Total $ $ $ $ $ Aaron 44 $465.52 $45 Cobb 42 351.31 100 Clemente 47 441.37 100 DiMaggio 34 228.48 65 Griffey, 43 373.80 75 Jr. Mantle 530.40 50 Robinson 38 159.60 35 Williams 545.60 100 Vaughn 48 374.40 110 $ $ $ $ $ $ $ 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 Clemente 47 441.37 100 DiMaggio 34 228.48 65 Griffey, 43 373.80 75 Jr Mantle 530.40 50 Robinson 38 159.60 35 Williams 545.60 100 Vaughn 48 374.40 110 $ $ $ $ $ $ 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
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