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

See my PM.

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Originally Posted by AtlantaTaxExpert

See my PM.

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So what do you mean can you help me with this problem

Quote:

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Originally Posted by Too Short

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

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Please help me out

I CANNOT help you, because I do not have access to your text material.

A private tutor would be able to help you.

Quote:

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Originally Posted by Too Short

please help me out

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All the material you need is right there