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.

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