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Problem - Kip Browman is owner and sole employee of KB Corporation. He pays himself a salary of $1500 each week.

Additional tax info:

-FICA tax-OASDI...6.2% of first $106,800

-FICA tax-HI......1.45% on total pay

-Federal income tax...$232 per pay

-State income tax...22% of the federal income tax withholding

-Federal unemployment tax.... 0.8% on first $7000

-State unemployment....0.05%on first $14000

Additional payroll deductions include:

-401 (k).... 3% per pay

-child support garnishment... $100 per pay

-Health insurance premium... $95 per pay

Record the payroll entry and payroll tax entry for the pay of the week ended June 5 ( his year to date pay is $31,500). Use a General Journal.

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