The following data for Throwback Industries Inc. relate to the payroll for the week ended...
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Accounting
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
42
$40
$395.60
$40
Cobb
46
28
294.98
95
Clemente
43
36
304.38
45
DiMaggio
34
38
271.32
45
Griffey, Jr.
48
44
480.48
110
Mantle
$2,270
544.80
95
Robinson
38
32
182.40
60
Williams
2,540
558.80
90
Vaughn
45
46
437.00
45
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%, 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).
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