Question: Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2048: Hours Hourly Weekly Federal Retirements


Payroll Register 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 48 $40 $478.40 $60 Cobb 44 28 276.92 65 Clemente 42 36 294.12 50 DiMaggio 36 38 287.28 35 Griffey, Jr. 45 44 438.90 50 Mantle $1,990 477.60 55 Robinson 38 32 182.40 100 Williams 2,230 490.60 60 Vaughn 41 46 381.80 35 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 11/2 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). 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 a 9, . answers to the nearest whale cent (two decimal places). Earnings Paid Accounts Debited Payroll for Week Ending December 9, 2018 Deductions withheld Federal Medicare Income Retirement Tax Tax Savings Social Security Total Name Hours Ck. No. Sales Salaries Expense Office Salaries Expense Tax Regular Overtime Total Total Net Pay Aaron 48 s $478.40 $60 $ 901 $ Cobb 44 276.92 65 902 Clemente 42 294.12 50 903 287.28 35 904 DiMaggio 36 Griffey 45 Dr. 438.90 50 905 Mantle 477.60 55 906 Robinson 38 182.40 100 907 Williams 490.60 60 908 Vaughn 41 381.80 35 909 Totals $ $ $ $ 2. Joumalize 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. Salaries Payable - Retirement Savings Deductions Payable Social Security Tax Payable
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