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The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Hourly Weekly Federal Retirements Employee Worked
The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Hourly Weekly Federal Retirements Employee Worked Rate Salary Income Tax Savings Aaron 45 $40 Cobb 42 28 Clemente 41 36 DiMaggio 38 38 $437.00 258.86 283.86 303.24 $45 95 60 90 Griffey, Jr. 44 44 425.04 60 Mantle $2,090 501.60 60 Robinson Williams 35 35 32 168.00 55 2,340 514.80 35 Vaughn 48 46 478.40 80 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). 1. Prepay 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). Earnings Payroll for Week Ending December 9, 20 Deductions Withheld Paid Accounts Debited Federal Sales Social Security Total Retirement ck Tax Name Hours Regular Overtime Total Tex Tax Total Pay No Salaries Expense office Salaries Expense $ $ Aarse Cob 42 DiMaggio 38 ofer 44 Marte 35 1417.00 2586 901 902 903 303.24 90 504 425.04 40 905 301.40 60 906 100.00 $5 514.80 908 4746 100 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. Total Earnings Name Hours Regular Overtime Total $ $ $ Aaron 45 Cobb 42 Clemente 41 DiMaggio 38 Griffey, Jr. 44 Mantle Robinson 35 Williams Vaughn Totals 48 111 11111. $ Payroll for Wee Social Security Medicare Tax Tax y Medicare Tax V Deductions Withheld Federal Income Retirement Tax Savings $ $437.00 $45 Paid Accounts Debited Sales Office Ck. Salaries Salaries Total Net Pay No. Expense Expense 901 258.86 95 902 283.86 60 903 303.24 90 904 425.04 60 905 501.60 60 906 168.00 55 907 514.80 35 908 478.40 80 909 to two decimal places. If an amount hav
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