The following data for Throwback Industries Inc. relate to the payroll for the week ended...

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Accounting

The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8:

Employee

Hours Worked

Hourly Rate

Weekly Salary

Federal Income Tax

Retirement Savings

Aaron 45 $62 $641.84 $105
Cobb 42 67 623.92 115
Clemente 49 68 835.88 125
DiMaggio 38 54 376.68 0
Griffey, Jr. 46 63 681.60 135
Mantle $1,600 292.45 125
Robinson 38 56 418.40 135
Williams 1,900 370.24 130
Vaughn 46 63 702.60 40

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 6.0%, and Medicare tax is 1.5% of each employees 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 two decimal places.
2.

Journalize the entry to record the payroll for the week. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. If required, round your answers to 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 answers to two decimal places.

Score: 177/306

Payroll for Week Ending December 9, 20Y8

1

Earnings

Earnings

Earnings

Deductions Withheld

Deductions Withheld

Deductions Withheld

Deductions Withheld

Deductions Withheld

Paid

Paid

Accounts Debited

Accounts Debited

2

Employee

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

3

Aaron

45.00

$641.84

$105.00

901.00

4

Cobb

42.00

623.92

115.00

902.00

5

Clemente

49.00

835.88

125.00

903.00

6

DiMaggio

38.00

376.68

904.00

7

Griffey, Jr.

46.00

681.60

135.00

905.00

8

Mantle

292.45

125.00

906.00

9

Robinson

38.00

418.40

135.00

907.00

10

Williams

370.24

130.00

908.00

11

Vaughn

46.00

702.60

40.00

909.00

12

Totals

$4,943.61

$910.00

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