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The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2048: Hours Hourly Weekly Federal Retirements Employee Worked
The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2048: Hours Hourly Weekly Federal Retirements Employee Worked Rate Salary Income Tax Savings Aaron 45 $46 $502.55 $80 Cobb 42 32 295.84 60 Clemente 41 24 189.24 35 DiMaggio 36 34 257.04 85 Griffey, Jr. 44 42 405.72 85 Mantle $2,240 537.60 70 Robinson 38 36 205.20 95 Williams 2,510 552.20 50 Vaughn 48 28 291.20 65 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 112 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, 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). The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2048: Hours Hourly Weekly Federal Retirements Employee Worked Rate Salary Income Tax Savings Aaron 45 $46 $502.55 $80 Cobb 42 32 295.84 60 Clemente 41 24 189.24 35 DiMaggio 36 34 257.04 85 Griffey, Jr. 44 42 405.72 85 Mantle $2,240 537.60 70 Robinson 38 36 205.20 95 Williams 2,510 552.20 50 Vaughn 48 28 291.20 65 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 112 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, 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)
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