15,424.12 Rate 46 DEL TEMPLATE PR 10-4A Payroll summary Obj. 2 The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9. Hours Hourly Weekly Federal U.S. Savings Employee Worked Salary Income Tax Bonds Aaron $68.00 $750.20 $100 Cobb 62.00 537.68 110 Clemente 70.00 832.64 120 DiMaggio 56.00 366.04 0 Griffey, Jr. 62.00 641.84 130 Mantle $1,800 342.45 120 Robinson 54.00 382.56 130 Williams 2,000 398.24 125 Vaughn 62.00 584.72 50 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 employee's annual earnings. The next payroll check to be used is No. 901. (Continued) Chapter 10 Liabilities: Current, Installment Notes, Contingencies Instructions 1. Prepare a payroll summary for Throwback Industries Inc. for the wee Use the following columns: Employee, Total Hours, Regular Earnings Total Earnings, Social Security Tax, Medicare Tax, Federal Income Tax Total Deductions, Net Pay, Ck. No., Sales Salaries Expense, and Office s. 2. Journalize the entry to record the payroll for the week. he week ended December 9. Barnings, Overtime Earnings me Tax, U.S. Savings Bonds, od Office Salaries Expense