PR 10-4A Payroll summary Obj. 2 The following data for Throwback Industries Inc, relate to the payroll for the week ended December 9. Hours Worked Weekly Salary 46 Hourly Rate $68.00 62.00 70.00 56.00 62.00 Employee Aaron Cobb Clemente DiMaggio Griffey, Jr. Mantle Robinson Williams Vaughn Federal Income Tax $750.20 537.68 832.64 366.04 641.84 342.45 382.56 398.24 584.72 U.S. Savings Bonds $100 110 120 0 $1,800 54.00 2,000 125 42 62.00 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 6.0%, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 901. (Continued) Instructions 1. Prepare a payroll summary for Throwback Industries Inc. for the week ended December 2. Use the following columns: Employee, Total Hours. Regular Earnings, Overtime Earnings, Total Earnings, Social Security Tax, Medicare Tax, Federal Income Tax, U.S. Savings Bonds, Total Deductions, Net Pay, Ck. No., Sales Salaries Expense, and Office Salaries Expense. 2. Journalize the entry to record the payroll for the week