Question
The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Employee Hours Worked Hourly Rate Weekly Salary
The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Employee Hours Worked Hourly Rate Weekly Salary Federal Income Tax Retirement Savings Aaron 46 $68 $750.20 $125 Cobb 41 62 537.68 135 Clemente 48 70 836.44 145 DiMaggio 35 56 366.04 0 Griffey, Jr. 45 62 641.84 155 Mantle $1,800 342.45 145 Robinson 36 54 382.56 155 Williams 2,000 398.24 150 Vaughn 42 62 584.72 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 6.0%, and Medicare tax is 1.5% of each employees 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 two decimal places. 2. Journalize the entry to record the payroll for the week. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. If required, round your answers to two decimal places.
The following data for Throwback Industries in relate to the tal for the week ended December 2018 Employee Hours Worked Hourly Rate Weekly Salary Federal Income Tax Retirement Savings Aaron 575020 $125 Cobb 53760 135 Clemente 70 545 DiMaggio 35 56 366.64 0 Griffey, 45 62 541.84 155 Mante 34245 145 38 54 155 Williams 2.000 398 24 150 Vaughn 584.72 80 13828 $1.000 Robinson 2 2 Employees Manife and Williams are ofice star, and all of the other employees are sales personne. 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 Required: 1. Prepare a payroll for Throwback Industries in for the weekended December 9, 2018 Assume the normal working hours in a week re 20 hours. Enter amounts positive numbers. Round your intermediare calculations and final answer to two decimal places 2. Journalce the entry to record the payroll for the week refer to the chart of accounts for the exact wording of the account CNOWjourne's do not use lines for journal explanations Every ine on a journal page is bed for det or credit entries CNOW journals will automatically indent acreditentry when a credit amount is entered Frequired, round your answers to two decimal places. 2 Jumalize the entry to record the payroll for the week Refer to the chart of accounts for the exact wording of the accounts. CNOWjoumais do not use lines for joemal explanations. Every ine on a journal page is used for det or credit entries. CNOW journals will automaticaly indent a credit entry when a credit amount 1s entered if required, round your answers to two decimal places. Question not attempted. NOE JOURNAL Scores es ACCOUNTING EQUATION DETE DESCRIPTION POSTRE DET CREDIT LABURES EQUITY Points 0/15 1. Prepare a payrol 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 intermediace calculations and final answers to two decimal places. Score: 35/306 Earnings Earnings Earnings Deductions Payroll for Week Ending December 9, 2018 Deductions Deductions Deductions Wilheld Social Security Federal Income Medicare Tax Deductions Witheld Paid Paid Accounts Debited Accounts Debited Employee Total Hours Overtime OLM Expense Office Stars Expense 2.720.00 $12.00 3.392.00 199.92 $75020 537.68 Retirement Savings $125.00 135.00 145.00 46.00 41.00 48.00 35.00 45.00 Cobe 856.44 901.00 902.00 905.00 904.00 905.00 Maggie 366.04 641.84 155.00 Martie 342.45 145.00 906.00 Robinson 36.00 155.00 907.00 592.56 393.44 10 Williams 150,00 900.00 42.00 80.00 909.00 Vaughn Totals 584.72 54.84.17 13 $1.090,00 Points: 8.58/75
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