Zion, Inc. has one employee who has worked January - June of the current year. The employee is single, paid weekly, and claims two 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 $6,500 $1,220 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. Date Description Debit Credit 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 SUTA Total ER taxes d) Prepare the journal entry Zion, Inc. will use to record their portion of the payroll taxes for June Description Debit Date Credit 06/30 to record employer's portion of payroll taxes for June Tax Table SINGLE Persons-WEEKLY Payroll Period And the number of withholding allowances claimed is- 8 9 10 1 2 0 0 59 0 0 0 0 0 0 0 81 84 87 90 93 0 0 0 0 0 62 65 68 71 74 77 80 83 0 0 0 0 96 0 0 0 0 0 0 0 0 0 0 0 0 86 99 102 105 108 111 114 117 120 0 And the wages are- But less o At least than 880 900 104 900 920 107 920 940 110 940 960 113 960 980 116 980 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 1.120 137 1.120 1.140 140 1.140 1.160 143 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 11 10 179 0 0 0 0 0 4 5 6 7 The amount of income tax to be withheld is 36 21 6 0 0 39 23 8 0 0 42 25 10 0 0 45 27 12 0 0 48 29 14 0 0 51 31 16 1 0 54 33 18 3 0 57 35 20 5 0 60 38 22 7 0 63 41 24 9 0 66 44 26 11 0 69 47 28 13 0 72 SO 30 15 0 75 53 32 17 2 78 56 34 19 4 81 59 36 21 6 84 62 39 23 8 87 65 42 25 10 90 68 45 27 12 93 71 48 29 14 96 74 51 31 16 99 77 54 33 18 102 SO 57 35 20 105 83 60 38 22 108 86 63 41 24 111 89 66 44 26 0 0 0 0 0 0 0 0 0 123 0 0 0 0 0 0 0 0 0 89 92 95 98 101 104 107 110 113 116 119 122 125 128 131 0 0 0 0 126 129 132 135 138 141 144 147 150 153 0 0 1 0 0 0 3 5 7 0 0 0 9 11 - OO - od 0 150 13 33 0 | 2 4 56 0 0 0 0 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 0 0 120 123 126 129 132 135 138 141 144 147 150 153 156 159 162 165 168 171 174 177 180 183 186 189 98 101 104 107 110 113 116 119 122 125 128 131 134 137 140 143 146 149 152 5 7 9 11 1.140 1.160 1,180 1.200 1.220 1.240 1.260 1.280 1.300 1,320 1.340 1.360 1.380 1.400 1.420 1.440 1,460 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 0 0 0 0 1.160 1.180 1,200 1.220 1.240 1.260 1.280 1.300 1.320 1,340 1,360 1.380 1.400 1.420 1.440 1.460 1.480 I5010 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 0 0 0 0 143 146 149 152 155 158 161 164 167 170 173 176 179 182 185 188 191 195 200 205 210 215 220 225 230 235 240 245 250 255 260 265 270 2 59 62 65 68 71 74 77 80 83 86 89 92 95 98 101 104 107 110 0 75 78 81 84 87 90 93 96 99 102 105 108 111 114 117 120 123 126 129 132 135 138 141 144 147 150 153 156 159 162 163 LOB 171 174 32 34 36 39 42 45 48 51 54 57 60 63 66 69 72 75 78 81 84 87 SO 93 96 99 102 105 108 III 114 117 120 123 126 129 17 19 21 23 25 27 29 31 33 35 38 41 44 47 SO 33 36 59 62 63 68 71 74 72 80 83 86 89 9 05 98 TOI 10+ 107 0 2 4 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 39 12 43 48 5) 54 57 60 63 69 72 75 78 0 0 0 155 138 13 15 17 19 21 23 25 27 29 31 33 35 38 41 44 8 10 12 14 113 0 161 164 167 170 173 0 1 3 192 7 9 197 202 207 212 217 176 179 182 3 188 191 195 200 116 119 122 125 128 131 134 137 1-10 143 146 149 152 16 18 20 11 24 26 28 30 32 34 47 50 53 222 11 13 15 17 19 | 23 232 237 81 84 59 62 36 39