PR 10-4A Payroll register ObJ. 2, 3
The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2016:
Employee
hours Worked
hourly Rate
WeeklySalary
Federal Income Tax
u.S. Savings Bonds
Aaron
46
$68.00
$750.20
$100
Cobb
41
62.00
537.68
110
Clemente
48
70.00
832.64
120
DiMaggio
35
56.00
366.04
0
Griffey, Jr.
45
62.00
641.84
130
Mantle
$1,800
342.45
120
Robinson
36
54.00
382.56
130
Williams
2,000
398.24
125
Vaughn
42
62.00
584.72
50
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 employee’s annual earnings. The next payroll check to be used is No. 901.
Instructions
1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 2016. Use the following columns for the payroll register: Employee, Total Hours, Regular Earnings, Overtime Earnings, Total Earnings, Social Security Tax, Medicare Tax, Federal Income Tax, U.S. Savings Bonds, Total Deductions, Net Pay, Ck. No., Sales Salaries Expense, and Office Salaries Expense.
2. Journalize the entry to record the payroll for the week.
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Get The Answer Prepare a payroll register for throwback industries
PR 10-4A Payroll register ObJ. 2, 3
The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2016:
Employee
hours Worked
hourly Rate
WeeklySalary
Federal Income Tax
u.S. Savings Bonds
Aaron
46
$68.00
$750.20
$100
Cobb
41
62.00
537.68
110
Clemente
48
70.00
832.64
120
DiMaggio
35
56.00
366.04
0
Griffey, Jr.
45
62.00
641.84
130
Mantle
$1,800
342.45
120
Robinson
36
54.00
382.56
130
Williams
2,000
398.24
125
Vaughn
42
62.00
584.72
50
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 employee’s annual earnings. The next payroll check to be used is No. 901.
Instructions
1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 2016. Use the following columns for the payroll register: Employee, Total Hours, Regular Earnings, Overtime Earnings, Total Earnings, Social Security Tax, Medicare Tax, Federal Income Tax, U.S. Savings Bonds, Total Deductions, Net Pay, Ck. No., Sales Salaries Expense, and Office Salaries Expense.
2. Journalize the entry to record the payroll for the week.
Previous answers to this question
This is a preview of an assignment submitted on our website by a student. If you need help with this question or any assignment help, click on the order button below and get started. We guarantee authentic, quality, 100% plagiarism free work or your money back.
Get The Answer