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 6.2 % on the first $118,500 of wages and the FICA Medicare tax rate is 1.45% on all wages. Zion, Inc.'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 $1,200 $6,100 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 Date Debit Credit 06/30 Salaries Expense FICA-SS Payable FICA-Medicare Payable Federal Withholding Payable Salaries Payable 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 5.40 FUTA SUTA Total ER taxes Tax Table SINGLE Persons-WEEKLY Pavroll Period And the wages And the number of withholding allowances claimed is are But less 0 6 7 At least 9 10 than The amount of income tax to be withbeld is- 900 S80 104 21 59 36 6 0 0 0 900 107 920 84 62 23 39 0 0 920 940 110 65 87 42 25 10 0 0 0 0 940 960 113 90 45 68 27 29 12 0 0 0 960 980 116 93 71 48 14 0 0 0 950 1,000 119 96 51 31 74 16 1,000 1,020 1,040 1,060 1,020 122 99 77 54 33 35 18 3 0 0 1,040 125 102 80 57 20 5 0 0 0 1,060 128 105 38 83 60 22 7 0 0 1,080 131 108 86 63 41 24 9 0 0 0 1,080 1,100 134 1 44 89 66 26 11 0 0 0 0 1,100 1,120 137 114 92 69 47 28 13 0 0 1,120 1,140 140 117 95 72 50 30 13 0 0 1,140 98 1,160 143 120 75 53 32 17 0 1,160 1,180 146 101 36 34 36 123 78 19 4 0 0 1.180 81 1,200 149 126 104 39 21 6 0 0 0 129 84 1,200 1,220 152 107 62 39 23 8 0 0 1,220 1,240 155 132 110 87 65 42 |25 10 0 0 0 1,240 1,260 158 135 113 90 93 68 45 27 12 0 0 1.260 1,280 71 161 138 116 29 48 14 0 0 0 1,280 1,300 1,300 119 96 74 164 141 51 31 16 0 0 1,320 99 167 144 122 77 54 33 18 3 0 0 170 102 1.320 1,340 147 125 57 35 20 0 0 1,340 1,360 1.360 173 150 128 105 83 60 38 0 22 7 0 1,380 153 41 176 131 108 86 63 24 0 1,380 1,400 179 156 134 111 89 66 44 26 11 0 0 131 108 86 63 41 24 9 0 1,380 1,400 179 156 134 89 92 95 66 44 26 0 0 1.400 1.420 182 159 137 69 114 28 47 13 0 0 1.420 185 1,440 162 140 117 72 50 30 15 0 1,440 1,460 188 165 143 98 120 75 53 32 17 2 0 1.460 1.480 1.480 191 168 146 123 101 78 56 34 19 4 1.500 195 171 126 149 81 84 104 59 36 21 6 0 1.500 1,520 1.540 1,520 200 174 152 129 107 62 65 39 23 8 0 1,540 205 177 153 132 110 87 42 25 10 0 1.560 210 180 158 135 113 90 68 45 |27 12 1.560 1.580 215 1.580 183 138 161 116 93 71 74 77 80 48 29 14 0 1,600 220 186 164 119 141 96 51 31 16 L 1.600 1,620 225 189 167 144 122 99 54 33 1S 3 1,620 1,640 1,640 230 170 192 147 125 102 57 20 35 1,660 233 197 173 150 128 105 83 60 22 38 7 1,660 I,680 240 202 176 108 153 131 86 89 92 95 98 63 24 41 9 1,680 245 1,700 207 179 156 134 111 66 26 |28 44 11 1,700 1,720 250 212 182 159 137 114 69 47 13 255 1,720 1,740 217 185 162 140 117 72 50 30 15 1,740 1,760 260 222 18 165 143 120 75 53 32 17 1.760 265 1.780 227 191 168 146 123 101 78 56 34 19 1,800 270 1.780 232 195 149 171 126 104 81 59 36 21 1,800 275 1.820 237 200 129 174 152 107 84 62 23 39