Zion, Inc. has one employee who has worked January - June of the current year. The...

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Zion, Inc. has one employee who has worked January - June of the current year. The employee is single, paid weekly, and claim

b) Prepare the journal entry Zion, Inc. will record to accrue the June wages for this employee. Date Description Debit Credit

Tax Table SINGLE Pons WEEKLY Payroll Period And the wages And the number of withholding allowances claimed is But less 0 At l

102 128 0 0 0 0 DI 162140 120 123 126 129 132 177 1.320 1140170 1 340 1,360 173 1.360 1,380 176 179 1,400 1,420 182 1.020 1.4

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Answer 1

Answer #1

Part A

Gross pay	1020
Federal withholding	57
FICA - ss	63.24	(1020*6.2%)
FICA - Medicare	14.79	(1020*1.45%)
Net pay	884.97

Part B

Date	General Journal	Debit	Credit
06/30	Salaries expense	1020
	FICA - social security taxes payable		63.24
	FICA - Medicare taxes payable		14.79
	Employee federal iincom taxes payable		57.00
	Accrued payroll payable		884.97

Part C

FICA - ss	63.24
FICA - Medicare	14.79
FUTA	5.40	900*0.6%
SUTA	43.70	1900*2.3%
Total ER taxes	127.13

Part D

Date	General Journal	Debit	Credit
06/30	payroll taxes expense	127.13
	FICA - ss		63.24
	FICA- medicare		14.79
	FUTA		5.40
	SUTA		43.70

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Answer 2

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