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 $44 38 46 32 40 Salary Income Tax Bonds Blanda $465.52 351.31 441.37 241.92 373.80 492.00 159.60 506.00 374.40 $65 110 100 40 35 105 85 75 50 42 47 36 43 Fouts Griese Namath Marino Staubach Starr Unitas Employees Marina 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 696, 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 dedmal places). $2,050 38 28 2,300 48 36 Payroll for Week Ending December 9 Earnings Deductions Paid Accounts Debited Federal Sales Office Salaries Expense Total Social Medicare Income U.S. Savings Ck Salaries Overtime TotalSecurity Tax Ta Bonds Total Name Hours Regular Blanda 44 Dawn 42 Fouts 47 Griese 36 Namath 43 Marino Staubach 38 Starr Unitas 48 Totals Tax Net Pay No. Expense $465.52 351.31 441.37 241.92 373.80 492.00 159.60 506.00 374.40 $65 110 100 40 625 626 627 628 629 630 631 632 633 105 85 75 50 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 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 $44 38 46 32 40 Salary Income Tax Bonds Blanda $465.52 351.31 441.37 241.92 373.80 492.00 159.60 506.00 374.40 $65 110 100 40 35 105 85 75 50 42 47 36 43 Fouts Griese Namath Marino Staubach Starr Unitas Employees Marina 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 696, 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 dedmal places). $2,050 38 28 2,300 48 36 Payroll for Week Ending December 9 Earnings Deductions Paid Accounts Debited Federal Sales Office Salaries Expense Total Social Medicare Income U.S. Savings Ck Salaries Overtime TotalSecurity Tax Ta Bonds Total Name Hours Regular Blanda 44 Dawn 42 Fouts 47 Griese 36 Namath 43 Marino Staubach 38 Starr Unitas 48 Totals Tax Net Pay No. Expense $465.52 351.31 441.37 241.92 373.80 492.00 159.60 506.00 374.40 $65 110 100 40 625 626 627 628 629 630 631 632 633 105 85 75 50 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
