Question

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		$40
Cobb	48		44				491.92		40
Clemente	45		34				306.85		50
DiMaggio	35		28				205.8		55
Griffey, Jr.	41		42				366.03		90
Mantle					$2,040		489.60		70
Robinson	36		30				162.00		110
Williams					2,280		501.60		70
Vaughn	44		40				368.00		95

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	$40	$	$	901	$
Cobb	48						491.92	40			902
Clemente	45						306.85	50			903
DiMaggio	35						205.80	55			904
Griffey, Jr.	41						366.03	90			905
Mantle							489.60	70			906		$
Robinson	36						162.00	110			907
Williams							501.60	70			908
Vaughn	44						368.00	95			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.

Answer 1