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Zion, has one employee who has worked January-June of the current year. The employee is single paid weekly claims and allowance on her W-2. The
Zion, has one employee who has worked January-June of the current year. The employee is single paid weekly claims and allowance on her W-2. The coup may is in a state that has no start income taxes. The FICA Social Security tax is 6.2% on the first $118, 500 of wages and the FICA Medicare tax 1.45% on all wages. Zion has late is 0.06% on the first $7,000 of wages and then SUTA has tax is 2.3% on the first $8,000 of wages. The employee's earnings thus for as follows: a) Use the information above and the to calculate all the taxes should be withheld the employees paycheck and her net pay for June. Round value to 2 decimal places of needed. b) Prepare the journal entry Zion, Inc., will record to occur the June wages for this employees. Use the information provided to calculate the payroll that Zion must pay the employees behalf for the mouth of June. d) Prepare the journal entry Zion, Inc., will record their portion of the payroll taxes for June
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