Question

eBook Calculator Chapter 11 1. EX 11 11 BLANKSHEETALCO 2. EX 11.01 ALGO Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2018: Hours Hourly Weekly Federal Retirements Employee Worked Rate Salary Income Tax Savings 520 $266.11 $40 3. PR 11.05 ALGO 4. PE 11.04.BLANKSHEET ALGO . Aaron 85 Cobe 48 491.92 44 5. PR 11 04 ALGO 30 50 Clemente 6. EX 11 21 50 36 211.00 DiMaggio Grey, 90 41 42 366.03 7. EX 11 23.EXCEL ALGO 427,60 100 Mantie 8. PE 1103A 9. EX 11.05 10. EX 1104 EXCEL ALCO Robin 30 157.50 105 Wim 2,230 4000 85 44 40 Vaugh 38.00 105 Employees Martie and Willems are office staff, and all of the other employees are sales personnel. Alles personnel are paid in times the regular rate for all in excess of hours per week. The social security tax rate and Medicare a 1.5ach employee annulaing The next payroll check to be used is No. 01 Required Net

Answer 1

1.Payroll Register for Throwback Indusdries inc.

Throwback Industries Inc.
Payroll Register For the week ended Dec 9 20Y8
	Earnings	Deductions Withheld	Paid	Account Debited
Employee (a)	Total Hours (b)	Regular (c)	Overtime (d)	Total (e)	Social Secutiry Tax (f=e*6%)	Medicare Tax (g=e*1.5%)	Fedral Income Tax (h)	Retirements Savings (i)	Total (j=f+g+h+i)	Net Pay (k=e-j)	Ck.No (l)	Sales Salaries Expense (m)	Office Salaries Expense (n)
Aaron	43	1,040	117	1,157	69.42	17.36	266.11	40	392.89	764.11	901	1,157
Cobb	48	1,760	528	2,288	137.28	34.32	491.92	85	748.52	1,539.48	902	2,288
Clemente	45	1,360	204	1,564	93.84	23.46	366.85	50	534.15	1,029.85	903	1,564
DiMaggio	36	1,120	0	1,120	67.20	16.80	211.68	60	355.68	764.32	904	1,120
Grifey Jr	41	1,680	63	1,743	104.58	26.15	366.03	90	586.76	1,156.24	905	1,743
Mantle				1,990	119.40	29.85	477.60	100	726.85	1,263.15	906		1,990
Robinson	35	1,200	0	1,200	72.00	18.00	157.50	105	352.50	847.50	907	1,200
Williams				2,230	133.80	33.45	490.60	85	742.85	1,487.15	908		2,230
Vaughn	44	1,600	240	1,840	110.40	27.60	368.00	105	611.00	1,229	909	1,840
Total				15,132	907.92	226.99	3,196.29	720	5,051.20	10,080.80		10,912	4,220

2.Journal Entry to Record the Payroll for the Week

Date	General Journal	Debit	Credit
9-Dec	Sales Salaries Expense	10,912
	Office Salaries Expense	4,220
	Social Security Tax Payable		907.92
	Medicare Tax Payable		226.99
	Employees Federal Income Tax Payable		3,196.29
	Retirements Savings Deductions Payable		720
	Salaries Payable		10,080.80
	(To record payroll expense for the week)

Working:

1.Calculation of Earnings

		Regular Earnings
Employee (a)	Total Hours Worked (b)	Normal Hours (c)	Rate per Hour (d)	Regular Earnings Amount (e=c*d)	Overtime Hours (f=b-c)	Rate per Hour (g=1.5*d)	Overtime Earnings Amount (h =f*g)	Total Earnings (i=e+h)
Aaron	43	40	26	1,040	3	39	117	1,157
Cobb	48	40	44	1,760	8	66	528	2,288
Clemente	45	40	34	1,360	5	51	204	1,564
DiMaggio	36	40	28	1,120	0	42	0	1,120
Grifey Jr	41	40	42	1,680	1	63	63	1,743
Robinson	35	40	30	1,200	0	45	0	1,200
Vaughn	44	40	40	1,600	4	60	240	1,840
Total				9,760			1,152	10,912