Question: 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

 1.Prepare a payroll register for Throwback Industries Inc. for the week 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 and round your intermediate calculations and final answers to the nearest whole cent (two decimal places). 2.Journalize the entry to record the payroll for the week. If required, round your answers to two decimal places. Refer to the Chart of Accounts for exact wording of account titles. ended December 9, 20Y8. Assume the normal working hours in a week are 40 hours. Enter amounts as positive numbers and round your intermediate calculations and final answers to the nearest whole cent (two decimal places). 2.Journalize the entry to record the payroll for the week. If required, round your answers to two decimal places. Refer to the Chart of

The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8 Employee Hours Worked Hourly Rate Weeky Salary Federal Income Tax Retirement Savings Aaron Cobb Clemente DiMaggio Griffey, Jr Mantle Robinson Williams Vaughn $689.44 539.92 668.44 377.80 749.08 317.45 387.32 426.24 770.08 43 43 45 39 48 $70 58 64 52 64 $120 130 140 150 140 150 145 70 $1,700 38 53 2,100 48 64 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 exce 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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!