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Page 3 of 7 zion, Inc. has one employee who has worked January June of the current year. The employee is single, paid weekly, and

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Page 3 of 7 zion, Inc. has one employee who has worked January June of the current year. The employee is single, paid weekly, and claims three allowances on her W-2. The company is in a state that has no state income taxes. The FICA Social Security tax rate is the first $118,500 of wages and the FICA Medicare tax rate is 1.45% on al Inc.'s FUTA tax rate is 0.6% on the first S7,000 of wages and their SUTA tax rate is 2.3% on the first $8,000 of wages. Ch 6.2% on l wages. Zion, The employee's earnings thus far are as follows: Gross pay Jan - May Gross pay for June $6,100 $1,020 a) Use the information above and the IRS tax table (click to pop open) to calculate all of the taxes that should be withheld from the employees paycheck and her net pay for June. Round values to 2 decimal places if needed. Gross Pay Federal Withholding FICA-SS FICA-Medicare Net Pay b) Prepare the journal entry Zion, Inc. will record to accrue the June wages for this employee Description Debit Credit Date 06/30 to accrue salaries and withholding for June payroll c) Use the information provided to calculate the payroll taxes that Zion must pay on the employee's behalf for the month of June FICA-SS FICA-Medicare FUTA

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