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Keith Dalton is the owner and sole employee of the Dalton Co. Keith pays himself a salary of $2,400 each week. Keith is about to

Keith Dalton is the owner and sole employee of the Dalton Co. Keith pays himself a salary of $2,400 each week. Keith is about to complete the payroll entries for the week ending June 3 (his YTD pay is $51,500).

Tax Information:

FICA OASDI

FICA HI

Federal Income Tax Withheld: $532 per pay period.

State Income Tax Withheld: $22% of Federal Withholding.

FUTA Tax

SUTA Tax: 0.05% on the first $14,000.

Additional Deductions:

401-K Plan: 3% per pay period.

Child Support Garnishment: $125 per pay period.

Health Insurance Premium: $110 per pay period.

Required:

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