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Payroll The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Retirements Weekly Salary Worked Savings
Payroll
The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Retirements Weekly Salary Worked Savings Register Employee Aaron Cobb Clemente DiMaggio Griffey, Jr. Mantle Robinson Williams 42 46 43 35 48 36 45 Hourly Rate $44 38 46 32 40 28 36 $2,220 2,490 Federal Income Tax $435.16 400.33 388.93 235.2 436.80 532.80 151.20 547.80 342.00 $80 105 80 80 80 110 50 55 Vaughn 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: 95 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
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