The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Hourly Weekly Worked Rate Salary $40 Federal Income Tax 44 $423.20 42 28 258.86 Clemente 45 36 324.9 37 38 295.26 48 44 480.48 DiMaggio Griffey, Jr. Mantle Robinson 518.40 168.00 532.40 Williams Vaughn 46 409,40 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 eac employee's annual earnings. The next payroll check to be used is No. 901. Required: Employee Aaron Cobb 35 43 32 $2,160 2,420 Retirements Savings $75 75 70 100 95 75 75 95 75 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 dur
The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Hourly Weekly Worked Rate Salary $40 Federal Income Tax 44 $423.20 42 28 258.86 Clemente 45 36 324.9 37 38 295.26 48 44 480.48 DiMaggio Griffey, Jr. Mantle Robinson 518.40 168.00 532.40 Williams Vaughn 46 409,40 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 eac employee's annual earnings. The next payroll check to be used is No. 901. Required: Employee Aaron Cobb 35 43 32 $2,160 2,420 Retirements Savings $75 75 70 100 95 75 75 95 75 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 dur
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter3: Accounting For Labor
Section: Chapter Questions
Problem 7P: Payment and distribution of payroll The general ledger of Berskshire Mountain Manufacturing Inc....
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