Tax Table 10 1 1 And the wages are But less 0 At least than 880900104 900 920 107 920 940 110 940 960 113 960 980 1 16 980 1,000 119 1,000 1,020 122 1,020 1,040 125 1,040 1,060 128 1,060 1,080 131 1,080 1,100 134 1,100 1,120137 1,120 1,140 140 1,140 1,160143 1,160 1,180 146 1,180 1,200 149 1,200 1,220 152 1,220 1,240 155 1,240 1,260 158 1,260 1,280 161 1,280 1,300 164 1,300 1,320 167 1,320 1,340 170 1,340 1,360 173 1,360 1,380 176 1,380 1,400 179 1,400 1,420 182 1,420 1,440 185 1,440 1,460 188 1,460 1,480 191 SINGLE Persons WEEKLY Payroll Period And the number of withholding allowances claimed is 1 2 3 4 5 6 7 8 9 The amount of income tax to be withheld is 81 59 3621 6 0 0 0 0 84 62 3 9 23 8 0 0 0 0 87 65 42 25 10 0 0 0 0 90 68 45 27 12 0 0 0 0 93 71 48 29 14 0 0 0 0 96 74 51 3116 1 0 0 0 9977 54 33 18 3 0 0 0 102 80 57 35 20 5 0 0 0 105 38 22 0 0 0 108 86 63 41 24 9 0 0 0 111 8966 26 11 0 0 0 114 14 92 92 69 69 47 28 13 0 0 0 117 95 72 50 30 150 0 0 20 98 75 53 32 17 2 0 0 123 101 194 0 0 126 104 81 59 3 6 21 6 0 0 129 107 84 62 39 23 8 132 110 87 65 25 10 0 0 135 113 90 68 45 27 12 0 0 138 116 93 71 48 14 0 0 141 119 96 74 51 31 16 1 0 144 122 99 77 54 33 18 30 147 125 102 80 57 35 20 5 0 150 128 105 83 60 3 8 22 7 0 153 131 108 86 63 41 249 0 156 134 11189 66 44 26 11 0 159137 114 92 69 47 13 0 162 140 117 15 0 165 143 1 20 98 75 53 32 17 2 168 146 123 101 78 56 34 19 4 1 IIIIIIIIIIIIIIIIIIIIIIII 0 0 28 0 95 6 8 1,480 1,500 1,520 1,540 1,560 1,580 1,600 1,620 1,640 1 660 1,680 1,700 1,720 1,740 1,760 1,780 1,800 1,500 1,520 1,540 1,560 1,580 1,600 1,620 1,640 1 660 1,680 1,700 1 720 1,740 1,760 1,780 1 800 1,820 102 195 200 205 210 (215 220 225 230 235 (240 245 250 255 260 265 1270 275 171 149 174 152 177 155 180 158 183 161 186164 189 167 192 170 197173 202 176 207179 212 182 217 185 222 188 227 191 232 195 237 200 126 129 132 135 138 141 14 1147 150 153 156 159 162 165 168 171 174 12116 o 23 18 o 25 1010 27 1210 14 lol 16 1 18 13 2015 22 17 41 2419 44 26 11 28 13 104 107 110 187 113 190 116 93 11996 122 125 128 105 131 108 134 111 137 114 140 117 143 120 146 123 149 126 152 129 8663 9 92 19572 98 101 104 107 32 17 84 62 Zippy, LLC 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 6 2 on the first $118,500 of wages and the FICA Medicare tax rate is 1 45 on all wages Zippy, LLC's FUTA tax rate is 0 6 on the first $7,000 of wages and their SUTA tax rate is 2 3 on the first $8,000 of wages The employee's earnings thus far are as follows Gross pay Jan May Gross pay for June $7,800 $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 Zippy, LLC will record to accrue the June wages for this employee Date Description Debit Credit 06 30 Federal Withholding Payable FICA SS Payable CICA Medicare Davable FICA Medicare Payable to accrue salaries and withholding for June payroll c) Use the information provided to calculate the payroll taxes that Zippy must pay on the employee's behalf for the month of June FICA SS FICA Medicare FUTA SUTA Total ER taxes d) Prepare the journal entry Zippy, LLC will use to record their portion of the payroll taxes for June Date 06 30 Description Debit Credit Payroll Tax Expense FICA SS Payable FICA Medicare Payable SUTA Taxes Payable to record employer's portion of payroll taxes for June Tax Table 10 1 1 And the wages are But less 0 At least than 880900104 900 920 107 920 940 110 940 960 113 960 980 1 16 980 1,000 119 1,000 1,020 122 1,020 1,040 125 1,040 1,060 128 1,060 1,080 131 1,080 1,100 134 1,100 1,120137 1,120 1,140 140 1,140 1,160143 1,160 1,180 146 1,180 1,200 149 1,200 1,220 152 1,220 1,240 155 1,240 1,260 158 1,260 1,280 161 1,280 1,300 164 1,300 1,320 167 1,320 1,340 170 1,340 1,360 173 1,360 1,380 176 1,380 1,400 179 1,400 1,420 182 1,420 1,440 185 1,440 1,460 188 1,460 1,480 191 SINGLE Persons WEEKLY Payroll Period And the number of withholding allowances claimed is 1 2 3 4 5 6 7 8 9 The amount of income tax to be withheld is 81 59 3621 6 0 0 0 0 84 62 3 9 23 8 0 0 0 0 87 65 42 25 10 0 0 0 0 90 68 45 27 12 0 0 0 0 93 71 48 29 14 0 0 0 0 96 74 51 3116 1 0 0 0 9977 54 33 18 3 0 0 0 102 80 57 35 20 5 0 0 0 105 38 22 0 0 0 108 86 63 41 24 9 0 0 0 111 8966 26 11 0 0 0 114 14 92 92 69 69 47 28 13 0 0 0 117 95 72 50 30 150 0 0 20 98 75 53 32 17 2 0 0 123 101 194 0 0 126 104 81 59 3 6 21 6 0 0 129 107 84 62 39 23 8 132 110 87 65 25 10 0 0 135 113 90 68 45 27 12 0 0 138 116 93 71 48 14 0 0 141 119 96 74 51 31 16 1 0 144 122 99 77 54 33 18 30 147 125 102 80 57 35 20 5 0 150 128 105 83 60 3 8 22 7 0 153 131 108 86 63 41 249 0 156 134 11189 66 44 26 11 0 159137 114 92 69 47 13 0 162 140 117 15 0 165 143 1 20 98 75 53 32 17 2 168 146 123 101 78 56 34 19 4 1 IIIIIIIIIIIIIIIIIIIIIIII 0 0 28 0 95 6 8 1,480 1,500 1,520 1,540 1,560 1,580 1,600 1,620 1,640 1 660 1,680 1,700 1,720 1,740 1,760 1,780 1,800 1,500 1,520 1,540 1,560 1,580 1,600 1,620 1,640 1 660 1,680 1,700 1 720 1,740 1,760 1,780 1 800 1,820 102 195 200 205 210 (215 220 225 230 235 (240 245 250 255 260 265 1270 275 171 149 174 152 177 155 180 158 183 161 186164 189 167 192 170 197173 202 176 207179 212 182 217 185 222 188 227 191 232 195 237 200 126 129 132 135 138 141 14 1147 150 153 156 159 162 165 168 171 174 12116 o 23 18 o 25 1010 27 1210 14 lol 16 1 18 13 2015 22 17 41 2419 44 26 11 28 13 104 107 110 187 113 190 116 93 11996 122 125 128 105 131 108 134 111 137 114 140 117 143 120 146 123 149 126 152 129 8663 9 92 19572 98 101 104 107 32 17 84 62 Zippy, LLC 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 6 2 on the first $118,500 of wages and the FICA Medicare tax rate is 1 45 on all wages Zippy, LLC's FUTA tax rate is 0 6 on the first $7,000 of wages and their SUTA tax rate is 2 3 on the first $8,000 of wages The employee's earnings thus far are as follows Gross pay Jan May Gross pay for June $7,800 $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 Zippy, LLC will record to accrue the June wages for this employee Date Description Debit Credit 06 30 Federal Withholding Payable FICA SS Payable CICA Medicare Davable FICA Medicare Payable to accrue salaries and withholding for June payroll c) Use the information provided to calculate the payroll taxes that Zippy must pay on the employee's behalf for the month of June FICA SS FICA Medicare FUTA SUTA Total ER taxes d) Prepare the journal entry Zippy, LLC will use to record their portion of the payroll taxes for June Date 06 30 Description Debit Credit Payroll Tax Expense FICA SS Payable FICA Medicare Payable SUTA Taxes Payable to record employer's portion of payroll taxes for June

Question

Tax Table 10 1 1 And the wages are      But less 0 At least than 880900104 900 920 107 920 940 110 940 960 113 960 980 1 16 980 1,000 119 1,000 1,020 122 1,020 1,040 125 1,040 1,060 128 1,060 1,080 131 1,080 1,100 134 1,100 1,120137 1,120 1,140 140 1,140 1,160143 1,160 1,180 146 1,180 1,200 149 1,200 1,220 152 1,220 1,240 155 1,240 1,260 158 1,260 1,280 161 1,280 1,300 164 1,300 1,320 167 1,320 1,340 170 1,340 1,360 173 1,360 1,380 176 1,380 1,400 179 1,400 1,420 182 1,420 1,440 185 1,440 1,460 188 1,460 1,480 191 SINGLE Persons WEEKLY Payroll Period And the number of withholding allowances claimed is  1 2 3 4 5 6 7 8 9 The amount of income tax to be withheld is   81 59 3621 6 0 0 0 0 84 62 3 9 23 8 0 0 0 0 87 65 42 25 10 0 0 0 0 90 68 45 27 12 0 0 0 0 93 71 48 29 14 0 0 0 0 96 74 51 3116 1 0 0 0 9977 54 33 18 3 0 0 0 102 80 57 35 20 5 0 0 0 105 38 22 0 0 0 108 86 63 41 24 9 0 0 0 111 8966 26 11 0 0 0 114 14 92 92 69 69 47 28 13 0 0 0 117 95 72 50 30 150 0 0 20 98 75 53 32 17 2 0 0 123 101 194 0 0 126 104 81 59 3 6 21 6 0 0 129 107 84 62 39 23 8 132 110 87 65 25 10 0 0 135 113 90 68 45 27 12 0 0 138 116 93 71 48 14 0 0 141 119 96 74 51 31 16 1 0 144 122 99 77 54 33 18 30 147 125 102 80 57 35 20 5 0 150 128 105 83 60 3 8 22 7 0 153 131 108 86 63 41 249 0 156 134 11189 66 44 26 11 0 159137 114 92 69 47 13 0 162 140 117 15 0 165 143 1 20 98 75 53 32 17 2 168 146 123 101 78 56 34 19 4 1 IIIIIIIIIIIIIIIIIIIIIIII 0 0 28 0 95 6 8 1,480 1,500   1,520   1,540   1,560   1,580   1,600   1,620   1,640  1 660   1,680   1,700   1,720   1,740   1,760 1,780 1,800                 1,500  1,520  1,540  1,560 1,580  1,600 1,620  1,640  1 660  1,680  1,700  1 720  1,740  1,760  1,780  1 800 1,820             102 195 200 205 210 (215 220 225  230  235 (240 245 250   255  260  265 1270   275   171  149   174  152   177  155   180 158 183  161   186164   189  167   192  170   197173   202  176   207179   212  182 217 185   222  188   227 191 232 195   237   200  126  129  132  135  138  141  14 1147  150  153  156  159 162  165  168 171  174 12116 o 23 18 o  25  1010   27 1210   14 lol   16  1 18 13   2015   22 17   41  2419   44  26  11 28 13 104 107  110 187  113 190  116 93  11996  122  125 128 105  131  108 134  111  137  114 140 117  143  120  146  123 149   126  152  129 8663 9 92 19572 98 101 104 107   32  17 84   62 Zippy, LLC 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 6 2  on the first $118,500 of wages and the FICA Medicare tax rate is 1 45  on all wages  Zippy, LLC's FUTA tax rate is 0 6  on the first $7,000 of wages and their SUTA tax rate is 2 3  on the first $8,000 of wages  The employee's earnings thus far are as follows  Gross pay Jan   May Gross pay for June $7,800 $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 Zippy, LLC  will record to accrue the June wages for this employee  Date Description Debit Credit 06 30 Federal Withholding Payable FICA SS Payable CICA Medicare Davable FICA Medicare Payable to accrue salaries and withholding for June payroll c) Use the information provided to calculate the payroll taxes that Zippy must pay on the employee's behalf for the month of June FICA SS FICA Medicare FUTA SUTA Total ER taxes d) Prepare the journal entry Zippy, LLC will use to record their portion of the payroll taxes for June  Date 06 30 Description Debit Credit Payroll Tax Expense FICA SS Payable FICA Medicare Payable SUTA Taxes Payable to record employer's portion of payroll taxes for June Tax Table 10 1 1 And the wages are      But less 0 At least than 880900104 900 920 107 920 940 110 940 960 113 960 980 1 16 980 1,000 119 1,000 1,020 122 1,020 1,040 125 1,040 1,060 128 1,060 1,080 131 1,080 1,100 134 1,100 1,120137 1,120 1,140 140 1,140 1,160143 1,160 1,180 146 1,180 1,200 149 1,200 1,220 152 1,220 1,240 155 1,240 1,260 158 1,260 1,280 161 1,280 1,300 164 1,300 1,320 167 1,320 1,340 170 1,340 1,360 173 1,360 1,380 176 1,380 1,400 179 1,400 1,420 182 1,420 1,440 185 1,440 1,460 188 1,460 1,480 191 SINGLE Persons WEEKLY Payroll Period And the number of withholding allowances claimed is  1 2 3 4 5 6 7 8 9 The amount of income tax to be withheld is   81 59 3621 6 0 0 0 0 84 62 3 9 23 8 0 0 0 0 87 65 42 25 10 0 0 0 0 90 68 45 27 12 0 0 0 0 93 71 48 29 14 0 0 0 0 96 74 51 3116 1 0 0 0 9977 54 33 18 3 0 0 0 102 80 57 35 20 5 0 0 0 105 38 22 0 0 0 108 86 63 41 24 9 0 0 0 111 8966 26 11 0 0 0 114 14 92 92 69 69 47 28 13 0 0 0 117 95 72 50 30 150 0 0 20 98 75 53 32 17 2 0 0 123 101 194 0 0 126 104 81 59 3 6 21 6 0 0 129 107 84 62 39 23 8 132 110 87 65 25 10 0 0 135 113 90 68 45 27 12 0 0 138 116 93 71 48 14 0 0 141 119 96 74 51 31 16 1 0 144 122 99 77 54 33 18 30 147 125 102 80 57 35 20 5 0 150 128 105 83 60 3 8 22 7 0 153 131 108 86 63 41 249 0 156 134 11189 66 44 26 11 0 159137 114 92 69 47 13 0 162 140 117 15 0 165 143 1 20 98 75 53 32 17 2 168 146 123 101 78 56 34 19 4 1 IIIIIIIIIIIIIIIIIIIIIIII 0 0 28 0 95 6 8 1,480 1,500   1,520   1,540   1,560   1,580   1,600   1,620   1,640  1 660   1,680   1,700   1,720   1,740   1,760 1,780 1,800                 1,500  1,520  1,540  1,560 1,580  1,600 1,620  1,640  1 660  1,680  1,700  1 720  1,740  1,760  1,780  1 800 1,820             102 195 200 205 210 (215 220 225  230  235 (240 245 250   255  260  265 1270   275   171  149   174  152   177  155   180 158 183  161   186164   189  167   192  170   197173   202  176   207179   212  182 217 185   222  188   227 191 232 195   237   200  126  129  132  135  138  141  14 1147  150  153  156  159 162  165  168 171  174 12116 o 23 18 o  25  1010   27 1210   14 lol   16  1 18 13   2015   22 17   41  2419   44  26  11 28 13 104 107  110 187  113 190  116 93  11996  122  125 128 105  131  108 134  111  137  114 140 117  143  120  146  123 149   126  152  129 8663 9 92 19572 98 101 104 107   32  17 84   62 Zippy, LLC 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 6 2  on the first $118,500 of wages and the FICA Medicare tax rate is 1 45  on all wages  Zippy, LLC's FUTA tax rate is 0 6  on the first $7,000 of wages and their SUTA tax rate is 2 3  on the first $8,000 of wages  The employee's earnings thus far are as follows  Gross pay Jan   May Gross pay for June $7,800 $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 Zippy, LLC  will record to accrue the June wages for this employee  Date Description Debit Credit 06 30 Federal Withholding Payable FICA SS Payable CICA Medicare Davable FICA Medicare Payable to accrue salaries and withholding for June payroll c) Use the information provided to calculate the payroll taxes that Zippy must pay on the employee's behalf for the month of June FICA SS FICA Medicare FUTA SUTA Total ER taxes d) Prepare the journal entry Zippy, LLC will use to record their portion of the payroll taxes for June  Date 06 30 Description Debit Credit Payroll Tax Expense FICA SS Payable FICA Medicare Payable SUTA Taxes Payable to record employer's portion of payroll taxes for June

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Tax Table 10 1 1 And the wages are- ... But less 0 At least than 880900104 900 920 107 920 940 110 940 960

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