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 46 $44 $495.88 $95
Dawson 41 38 339.06 40
Fouts 43 46 388.93 35
Griese 37 32 248.64 65
Namath 48 40 436.80 70
Marino $2,050 492.00 110
Staubach 35 28 147.00 80
Starr 2,300 506.00 75
Unitas 44 36 331.20 110

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 46 $fill in the blank e4bdfd040f9ffbf_1 $fill in the blank e4bdfd040f9ffbf_2 $fill in the blank e4bdfd040f9ffbf_3 $fill in the blank e4bdfd040f9ffbf_4 $fill in the blank e4bdfd040f9ffbf_5 $495.88 $95 $fill in the blank e4bdfd040f9ffbf_6 $fill in the blank e4bdfd040f9ffbf_7 625 $fill in the blank e4bdfd040f9ffbf_8
Dawson 41 fill in the blank e4bdfd040f9ffbf_9 fill in the blank e4bdfd040f9ffbf_10 fill in the blank e4bdfd040f9ffbf_11 fill in the blank e4bdfd040f9ffbf_12 fill in the blank e4bdfd040f9ffbf_13 339.06 40 fill in the blank e4bdfd040f9ffbf_14 fill in the blank e4bdfd040f9ffbf_15 626 fill in the blank e4bdfd040f9ffbf_16
Fouts 43 fill in the blank e4bdfd040f9ffbf_17 fill in the blank e4bdfd040f9ffbf_18 fill in the blank e4bdfd040f9ffbf_19 fill in the blank e4bdfd040f9ffbf_20 fill in the blank e4bdfd040f9ffbf_21 388.93 35 fill in the blank e4bdfd040f9ffbf_22 fill in the blank e4bdfd040f9ffbf_23 627 fill in the blank e4bdfd040f9ffbf_24
Griese 37 fill in the blank e4bdfd040f9ffbf_25 fill in the blank e4bdfd040f9ffbf_26 fill in the blank e4bdfd040f9ffbf_27 fill in the blank e4bdfd040f9ffbf_28 248.64 65 fill in the blank e4bdfd040f9ffbf_29 fill in the blank e4bdfd040f9ffbf_30 628 fill in the blank e4bdfd040f9ffbf_31
Namath 48 fill in the blank e4bdfd040f9ffbf_32 fill in the blank e4bdfd040f9ffbf_33 fill in the blank e4bdfd040f9ffbf_34 fill in the blank e4bdfd040f9ffbf_35 fill in the blank e4bdfd040f9ffbf_36 436.80 70 fill in the blank e4bdfd040f9ffbf_37 fill in the blank e4bdfd040f9ffbf_38 629 fill in the blank e4bdfd040f9ffbf_39
Marino fill in the blank e4bdfd040f9ffbf_40 fill in the blank e4bdfd040f9ffbf_41 fill in the blank e4bdfd040f9ffbf_42 fill in the blank e4bdfd040f9ffbf_43 492.00 110 fill in the blank e4bdfd040f9ffbf_44 fill in the blank e4bdfd040f9ffbf_45 630 $fill in the blank e4bdfd040f9ffbf_46
Staubach 35 fill in the blank e4bdfd040f9ffbf_47 fill in the blank e4bdfd040f9ffbf_48 fill in the blank e4bdfd040f9ffbf_49 fill in the blank e4bdfd040f9ffbf_50 147.00 80 fill in the blank e4bdfd040f9ffbf_51 fill in the blank e4bdfd040f9ffbf_52 631 fill in the blank e4bdfd040f9ffbf_53
Starr fill in the blank e4bdfd040f9ffbf_54 fill in the blank e4bdfd040f9ffbf_55 fill in the blank e4bdfd040f9ffbf_56 fill in the blank e4bdfd040f9ffbf_57 506.00 75 fill in the blank e4bdfd040f9ffbf_58 fill in the blank e4bdfd040f9ffbf_59 632 fill in the blank e4bdfd040f9ffbf_60
Unitas 44 fill in the blank e4bdfd040f9ffbf_61 fill in the blank e4bdfd040f9ffbf_62 fill in the blank e4bdfd040f9ffbf_63 fill in the blank e4bdfd040f9ffbf_64 fill in the blank e4bdfd040f9ffbf_65 331.20 110 fill in the blank e4bdfd040f9ffbf_66 fill in the blank e4bdfd040f9ffbf_67 633 fill in the blank e4bdfd040f9ffbf_68
Totals $fill in the blank e4bdfd040f9ffbf_69 $fill in the blank e4bdfd040f9ffbf_70 $fill in the blank e4bdfd040f9ffbf_71 $fill in the blank e4bdfd040f9ffbf_72 $fill in the blank e4bdfd040f9ffbf_73 $fill in the blank e4bdfd040f9ffbf_74 $fill in the blank e4bdfd040f9ffbf_75 $fill in the blank e4bdfd040f9ffbf_76 $fill in the blank e4bdfd040f9ffbf_77 $fill in the blank e4bdfd040f9ffbf_78 $fill in the blank e4bdfd040f9ffbf_79

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.

Sales Salaries Expense fill in the blank fe77c1f42fd9fa9_2 fill in the blank fe77c1f42fd9fa9_3
Office Salaries Expense fill in the blank fe77c1f42fd9fa9_5 fill in the blank fe77c1f42fd9fa9_6
Social Security Tax Payable fill in the blank fe77c1f42fd9fa9_8 fill in the blank fe77c1f42fd9fa9_9
Medicare Tax Payable fill in the blank fe77c1f42fd9fa9_11 fill in the blank fe77c1f42fd9fa9_12
Employees Federal Income Tax Payable fill in the blank fe77c1f42fd9fa9_14 fill in the blank fe77c1f42fd9fa9_15
Bond Deductions Payable fill in the blank fe77c1f42fd9fa9_17 fill in the blank fe77c1f42fd9fa9_18
fill in the blank fe77c1f42fd9fa9_20 fill in the blank fe77c1f42fd9fa9_21

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!

Q:

Carla Vista Quest Games Co. adjusts its accounts annually. The following information is available for the year ended December 31, 2022. 1. Purchased a 1-year insurance policy on June 1 for $2,340...

Q:

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...

Q:

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 $44 38 46 32 40...

Q:

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...

Q:

Payroll Register The following data for Throwback Industries, Inc. relate to the payroll for the week ended December 9: Hours Worked 45 42 41 37 Hourly Weekly Federal U.S. Savings Employee Blanda...

Q:

Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Employee Aaron Cobb Clemente DiMaggio Griffey, Jr. Mantle Robinson...

Q:

$26 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...

Q:

CHAPTER 11 HW: Q4 Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2018: Hours Hourly Weekly Federal Retirements Employee Worked...

Q:

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...

Q:

Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2018: Hours Hourly Weekly Federal Retirements Employee Worked Rate Salary Income...

Q:

eBook Question Content Area 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...

Q:

Sanborn Corp. is comparing two different capital structures. Plan I would result in 2,300 shares of stock and $22,560 in debt. Plan II would result in 1,400 shares of stock and $47,940 in debt. The...

Q:

Presented below are two independent situations. (a) On January 6, Arneson Co. sells merchandise on account to Cortez Inc. for $9,000, terms 2/10, n/30. On January 16, Cortez Inc. pays the amount due....

Q:

Which section of an unqualified audit report on an issuer's financial statements identifes the applicable financial reporting camework? A . Opinion on the financial statements. B . Basis for...

Q:

Which one of these statements about the accrual basis of accounting is false? a. Companies record events that change their financial statements in the period in which events occur, even if cash was...

Q:

1. Instructional objectives- Summarize the information from your learner and task analysis that outlines the knowledge, skills (behaviors), and attitudes that may be required for the learners in your...

Q:

Describe the "chore wars" Konigsberg mention within her article. Do you believe the gender differences in chore time are changing? Why or why not? What social factors do you believe contribute to the...

Q:

Six balls numbered 1 to 6 are placed in a bag. Some of the balls are grey and some are white. The balls numbered 2 and 5 are grey. The balls numbered 1, 3, 4, and 6 are white. A ball will be selected...

Q:

Laura Grove[1] had worked at Rocky Mountain Bank in Nashville, Tennessee, for five years. As a teller, she thought to herself, she wasn't getting any richer. She and her husband owed about $14,000 in...

Q:

The hands - down winner among all - star art schools was the experimental Black Mountain College in North Carolina during its brief heyday of 1 9 5 0 - 1 9 7 5 . Its staff and alumni were like a...

Q:

5.73 Prairie Flower Cereal has annual sales revenue of $400,000,000. George Severn, a 58-year-old senior vice president, is responsible for production and sales of Nougy 93 Fruity cereal. Daily...

Q:

5.76 The nation of Waipo has recently created an economic development plan that includes expanded exports and imports. It has completed a series of extensive studies of the world economy and Waipos...

Q:

5.71 It is estimated that in normal highway driving, the number of miles that can be covered by automobiles of a particular model on 1 gallon of gasoline can be represented by a random variable with...