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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
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 $30 5296.70 $95 Cobb 442.47 219.83 Clemente DiMaggio 285.6 Griffey, Jr. 414.96 Mantle $2.110 Robinson 506.40 193.80 519.20 437.00 Williams 2.360 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: 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, 20Y8 Earnings Deductions Withheld Paid Accounts Debited Federal Office Social Security Tax Total Name Hours Income Regular Overtime Sales Salaries Expense Medicare Tax Total Retirement Savings Ck. No. Total Tax Net Pay Salaries Expense Aaron 42 $296.70 Cobb Clemente 442.47 219.83 285.60 DiMaggio 34 Griffey, 48 414.96 Mantle 506.40 Robinson 38 193.80 Williams 519.20 437.00 Vaughn 45 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
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