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


Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2048: Hours Hourly Weekly Retirements Federal Worked Employee Rate Salary Income Tax $317.40 Aaron 388.29 Cobb Clemente 234.65 319.2 DiMaggio 414.96 Griffey, Jr. 516.00 Mantle $2,150 Robinson 2,410 178.50 530.20 409.40 Williams Vaughn 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, 2018. 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). P or Wedding Dec . 2. Journalize the entry to record the payroll for the week. If required, round your answers to two decimal pla Sales Salaries Expense 11,930 X Office Salaries Expense 4,560 989.40 X 247.35 X Social Security Tax Payable x Medicare Tax Payable Employees Federal Income Tax Payable Bond Deductions Payable x 3,308.40 710 x 11.234.85 X Salaries Payable
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