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Carmen Santos is owner and sole employee of CS Corporation. He pays himself a salary of $2400 this week. Additional tax information includes: FICA tax
Carmen Santos is owner and sole employee of CS Corporation. He pays himself a salary of $2400 this week. Additional tax information includes: FICA tax - OASDI................6.2% on first $101,100 FICA tax - HI...................1.45% on total pay Federal income tax..............$532.00 per pay State income tax................22% of the federal income tax witholding Federal unemployment tax........0.8% on firt $7,000 State unemployment tax..........0.05% on first $14,000 Additional payroll deductions include: 401(k) plan.......................3% per pay child support garnishment.........$125 per pay health insurance premium..........$110 per pay Prepare the payroll entry and payroll tax entry for the pay of the week ended June 3 (his year-to-end pay is $51,500) Please help
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