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Too Short
Oct 18, 2007, 09:25 PM
If Kip Bowman is owner and sole employee of KB Corporation. He pays himself a salary of 1500 each week.


Addition tax information includes:
FICA tax-OASDI 6.2% on first 93000
FICA-Hi 1.45% on total pay
Federal income tax 232.00 per pay
State income tax 22% of the federal income tax withholding
Federal unemployment tax 0.8% on first 7000
State unemployment tax 0.05% on first 14000


Additional payroll deductions include:
401 K plan 3% per pay
Child support garnishment $100per payHealth insurance premium $95 per pay


Record the payroll entry and payroll tax entry for the pay of the week ended June 4 (his year-to date pay is 31500

AtlantaTaxExpert
Oct 19, 2007, 03:12 PM
See my PM.

Too Short
Oct 19, 2007, 09:17 PM
See my PM.
So what do you mean can you help me with this problem

Too Short
Oct 19, 2007, 09:29 PM
If Kip Bowman is owner and sole employee of KB Corporation. He pays himself a salary of 1500 each week.


Addition tax information includes:
FICA tax-OASDI 6.2% on first 93000
FICA-Hi 1.45% on total pay
Federal income tax 232.00 per pay
State income tax 22% of the federal income tax withholding
Federal unemployment tax 0.8% on first 7000
State unemployment tax 0.05% on first 14000


Additional payroll deductions include:
401 K plan 3% per pay
Child support garnishment $100per payHealth insurance premium $95 per pay


Record the payroll entry and payroll tax entry for the pay of the week ended June 4 (his year-to date pay is 31500
Please help me out

AtlantaTaxExpert
Oct 20, 2007, 05:19 PM
I CANNOT help you, because I do not have access to your text material.

A private tutor would be able to help you.

Too Short
Oct 21, 2007, 06:53 PM
please help me out
All the material you need is right there