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 | 48 | $26 | $310.96 | $55 | ||||||
Cobb | 44 | 44 | 435.16 | 95 | ||||||
Clemente | 42 | 34 | 277.78 | 100 | ||||||
DiMaggio | 36 | 28 | 211.68 | 55 | ||||||
Griffey, Jr. | 45 | 42 | 418.95 | 35 | ||||||
Mantle | $1,950 | 468.00 | 65 | |||||||
Robinson | 38 | 30 | 171.00 | 70 | ||||||
Williams | 2,180 | 479.60 | 85 | |||||||
Vaughn | 41 | 40 | 332.00 | 85 |
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:
Question Content Area
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).
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