Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help!!! eBook Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2018: Hours Federal
please help!!!
eBook Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2018: Hours Federal Retirements Hourly Rate Weekly Salary Employee Worked Income Tax Savings Aaron 43 $30 $307.05 $65 Cobb 48 42 469.56 105 Clemente 45 26 234.65 85 DiMaggio 37 40 310.8 105 Griffey, Jr. 41 38 331.17 105 $1,80 475.20 35 Mantle Robinson 35 34 176.50 110 Williams 2,220 488.40 90 Vaughn 44 46 110 423.20 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: 1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 2018. 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, 2018 Deductions Withheld Federal Paid Earnings Payroll for Week Ending December 9, 2018 Deductions Withheld Federal Medicare Income Tax Earnings Total Social Security Tax Name Hours Regular Overtime Total Aaron 43 $307.05 Cabb 4 469.56 Demente 45 234,65 Dappe 3 310.00 331-17 41 475.20 Marle 178.50 Robin 35 Willams 423.20 110 Vaught 44 Total 2. Joulue the entry to record the peyroll for the week. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank Retirement Savings 945 105 105 33 110 90 Total Paid CK. No. 901 902 903 904 905 906 907 908 909 Accounts Debited Sales Sataries Expense 0.00 Office Salaries 100 331.37 475 20 178.50 40840 Williams Vugh 421.30 110 Tokal 2. Jurate the entry to record the payroll for the week. If required, round your answers to two decimal places. If an amount to does nit require an entry, venk 105 35 110 90 905 906 907 904 909 10 000 000 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started