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		$26				$310.96		$65
Dawson	44		44				435.16		50
Fouts	42		34				277.78		35
Griese	37		28				217.56		55
Namath	45		42				418.95		45
Marino					$2,090		501.60		95
Staubach	35		30				157.50		65
Starr					2,340		514.80		45
Unitas	41		40				332.00		70

Employees Marino and Starr 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. 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).

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 for Week Ending December 9 Earnings Deductions Paid Accounts Debited Social Security Tax Federal Medicare Income Tax Tax U.S. Savings Bonds Sales Office Ck Salaries Salaries No. Expense Expense Total Total Net Pay Total Name Hours Regular Overtime $ $ Blanda 48 $ $ $ $310.96 $ 625 Dawson 44 435.16 Fouts 42 277.78 217.56 626 627 628 629 Griese 37 Namath 45 418.95 Marino 501.60 Staubach 35 157.50 631 Starr 514.80 632 633 Unitas 41 332.00 $ $ $ 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