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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
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 $310.96 $75 Dawson 435.16 Fouts 277.78 Griese 217.56 Namath 418.95 Marino $1,960 470.40 Staubach 157.50 Starr 2,200 484.00 Unitas 332.00 45 Employees Marino and Starr are office staff, and all of the other employees are sales personnel. All sales personnel are paid 12 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 Deductions Earnings Paid Accounts Debited Total Name Hours Blanda 48 Social Security Tax Medicare Tax Federal Income Tax U.S. Savings Bonds Office Salaries Expense Regular Overtime Total Total Net Pay $ $ $310.96 $75 $ 50 Sales Ck Salaries No. Expense 625 $ 525 627 Dawson 44 1 Fouts 42 435.16 277.78 217.56 Griese 37 Namath 45 418.95 Marino 105 Staubach 35 470.40 157.50 484.00 332.00 Starr 55 45 632 6 33 Unitas 41 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. lllllll
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