Question: Payroll Register The following data for Throwback Industries, Inc. relate to the payroll for the week ended December 9: Hours Hourly Weekly Federal U.S. Savings
Payroll Register 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 Rate Salary Income Tax Bonds Blanda 42 $30 $296.70 $90 Dawson 46 42 442.47 105 Fouts 43 26 219.83 105 Griese 34 40 285.6 80 Namath 48 38 414.96 45 Marino $2,030 487.20 85 Staubach 38 34 193.80 95 Starr 2,270 499.40 95 Unitas 45 46 437.00 80 Employees Marino and Starr 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. 625. Required: 1. Prepare a payroll summary for Throwback Industries, Inc. for the week ended December 9. 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). Payroll for Week Ending December 9 Earnings Deductions Paid Accounts Debited Name Total Hours Regular Overtime Total Social Security Tax Medicare Tax Federal Income Tax U.S. Savings Bonds Total Net Pay Ck No. Sales Salaries Expense Office Salaries Expense Blanda 42 $ $ $ $ $ $296.70 $90 $ $ 625 $ Dawson 46 442.47 105 626 Fouts 43 219.83 105 627 Griese 34 285.60 80 628 Namath 48 414.96 45 629 Marino 487.20 85 630 $ Staubach 38 193.80 95 631 Starr 499.40 95 632 Unitas 45 437.00 80 633 Totals $ $ $ $ $ $ $ $ $ $ $ 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.
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