Question

1. 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 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).

   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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Answer 1