Question: Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Hourly Weekly Federal Retirements
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Payroll Register
The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8:
Hours Hourly Weekly Federal Retirements Employee Worked Rate Salary Income Tax Savings Aaron 43 $26 $266.11 $105 Cobb 48 44 491.92 100 Clemente 45 34 306.85 90 DiMaggio 37 28 217.56 80 Griffey, Jr. 41 42 366.03 70 Mantle $2,290 549.60 65 Robinson 35 30 157.50 85 Williams 2,560 563.20 90 Vaughn 44 40 368.00 90 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%, 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).
Payroll for Week Ending December 9, 20Y8 Earnings Deductions Withheld Paid Accounts Debited Name Total Hours Regular Overtime Total Social Security Tax Medicare Tax Federal Income Tax Retirement Savings Total Net Pay Ck. No. Sales Salaries Expense Office Salaries Expense Aaron 43 $ $ $ $ $ $266.11 $105 $ $ 901 $ Cobb 48 491.92 100 902 Clemente 45 306.85 90 903 DiMaggio 37 217.56 80 904 Griffey, Jr. 41 366.03 70 905 Mantle 549.60 65 906 $ Robinson 35 157.50 85 907 Williams 563.20 90 908 Vaughn 44 368.00 90 909 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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