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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 46 $40 $450.80 $55 Cobb 41 28 249.83 65 Clemente 43 36 304.38 80 DiMaggio 38 38 303.24 55 Griffey, Jr. 48 44 480.48 75 Mantle $2,090 501.60 55 Robinson 35 55 32 32 168.00 35 Williams 2,340 514.80 45 Vaughn 44 46 423.20 70 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1½ 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). Earnings Total Name Hours Regular Overtime Total Aaron 46 $ Cobb 41 Clemente 43 DiMaggio 38 Griffey, 48 Mantle Robinson 35 Williams Vaughn 44 Totals Payroll for Week Ending December 9, 20Y8 Deductions Withheld Federal Social Security Medicare Income Retirement Tax Tax Tax Savings Total $450.80 $55 $ 249.83 65 304.38 80 303.24 55 480.48 75 501.60 55 168.00 35 514.80 45 423.20 70 0 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.

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 46 $40 $450.80 $55 Cobb 41 28 249.83 65 Clemente 43 36 304.38 80 DiMaggio 38 38 303.24 55 Griffey, Jr. 48 44 480.48 75 Mantle $2,090 501.60 55 Robinson 35 55 32 32 168.00 35 Williams 2,340 514.80 45 Vaughn 44 46 423.20 70 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1½ 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). Earnings Total Name Hours Regular Overtime Total Aaron 46 $ Cobb 41 Clemente 43 DiMaggio 38 Griffey, 48 Mantle Robinson 35 Williams Vaughn 44 Totals Payroll for Week Ending December 9, 20Y8 Deductions Withheld Federal Social Security Medicare Income Retirement Tax Tax Tax Savings Total $450.80 $55 $ 249.83 65 304.38 80 303.24 55 480.48 75 501.60 55 168.00 35 514.80 45 423.20 70 0 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.

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter11: Current Liabilities And Payroll
Section: Chapter Questions
Problem 4PA
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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 46 $40 $450.80 $55 Cobb 41 28 249.83 65 Clemente 43 36 304.38 80 DiMaggio 38 38 303.24 55 Griffey, Jr. 48 44 480.48 75 Mantle $2,090 501.60 55 Robinson 35 55 32 32 168.00 35 Williams 2,340 514.80 45 Vaughn 44 46 423.20 70 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1½ 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).
Transcribed Image Text: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 46 $40 $450.80 $55 Cobb 41 28 249.83 65 Clemente 43 36 304.38 80 DiMaggio 38 38 303.24 55 Griffey, Jr. 48 44 480.48 75 Mantle $2,090 501.60 55 Robinson 35 55 32 32 168.00 35 Williams 2,340 514.80 45 Vaughn 44 46 423.20 70 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1½ 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).
Earnings Total Name Hours Regular Overtime Total Aaron 46 $ Cobb 41 Clemente 43 DiMaggio 38 Griffey, 48 Mantle Robinson 35 Williams Vaughn 44 Totals Payroll for Week Ending December 9, 20Y8 Deductions Withheld Federal Social Security Medicare Income Retirement Tax Tax Tax Savings Total $450.80 $55 $ 249.83 65 304.38 80 303.24 55 480.48 75 501.60 55 168.00 35 514.80 45 423.20 70 0 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.
Transcribed Image Text:Earnings Total Name Hours Regular Overtime Total Aaron 46 $ Cobb 41 Clemente 43 DiMaggio 38 Griffey, 48 Mantle Robinson 35 Williams Vaughn 44 Totals Payroll for Week Ending December 9, 20Y8 Deductions Withheld Federal Social Security Medicare Income Retirement Tax Tax Tax Savings Total $450.80 $55 $ 249.83 65 304.38 80 303.24 55 480.48 75 501.60 55 168.00 35 514.80 45 423.20 70 0 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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