PR 11-4A Payroll register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: ов. 2, 3 Hours Worked Hourly Rate $68.00 Weekly Salary Federal Retirement Savings $100 Employee Income Tax Aaron 46 $750.20 Cobb 41 62.00 537.68 110 Clemente DiMaggio Griffey, Jr. 48 70.00 832.64 120 35 56.00 366.04 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 1½ 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, 20Y8. Use the following columns for the payroll register: Employee, Total Hours, Reg- ular Earnings, Overtime Earnings, Total Earnings, Social Security Tax, Medicare Tax, Federal Income Tax, Retirement Savings, Total Deductions, Net Pay, Ck. No., Sales Salaries Expense, and Office Salaries Expense. 2. Journalize the entry to record the payroll for the week.
PR 11-4A Payroll register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: ов. 2, 3 Hours Worked Hourly Rate $68.00 Weekly Salary Federal Retirement Savings $100 Employee Income Tax Aaron 46 $750.20 Cobb 41 62.00 537.68 110 Clemente DiMaggio Griffey, Jr. 48 70.00 832.64 120 35 56.00 366.04 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 1½ 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, 20Y8. Use the following columns for the payroll register: Employee, Total Hours, Reg- ular Earnings, Overtime Earnings, Total Earnings, Social Security Tax, Medicare Tax, Federal Income Tax, Retirement Savings, Total Deductions, Net Pay, Ck. No., Sales Salaries Expense, and Office Salaries Expense. 2. Journalize the entry to record the payroll for the week.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:PR 11-4A Payroll register
The following data for Throwback Industries Inc. relate to the payroll for the week ended
December 9, 20Y8:
ов. 2, 3
Hours
Worked
Hourly
Rate
$68.00
Weekly
Salary
Federal
Retirement
Savings
$100
Employee
Income Tax
Aaron
46
$750.20
Cobb
41
62.00
537.68
110
Clemente
DiMaggio
Griffey, Jr.
48
70.00
832.64
120
35
56.00
366.04
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 1½ 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,
20Y8. Use the following columns for the payroll register: Employee, Total Hours, Reg-
ular Earnings, Overtime Earnings, Total Earnings, Social Security Tax, Medicare Tax,
Federal Income Tax, Retirement Savings, 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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