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Carmen Santos is owner and sole employee of CS Corporation. He pays himself a salary of...

Carmen Santos is owner and sole employee of CS Corporation. He pays himself a salary of $2,400 this week.

Additional tax information includes:
FICA tax—OASDI 6.2% on first $127,200
FICA tax—HI 1.45% on total pay
Federal income tax $532.00 per pay
State income tax 22% of the federal income tax withholding
Federal unemployment tax 0.6% on first $7,000
State unemployment tax 0.05% on first $14,000
Additional payroll deductions include:
401(k) plan 3% per pay
Child support garnishment $125 per pay
Health insurance premium $110 per pay

Record the payroll entry and payroll tax entry for the pay of the week ended June 1 (his year-to-date pay is $51,500).

If an amount box does not require an entry, leave it blank or enter "0". Round your answers to the nearest cent.

Account Debit Credit
Payment of wages
Payroll taxes Payroll Taxes
FICA Taxes Payable-OASDI
FICA Taxes Payable-HI
Business   Accounting   
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Answer #1
Account Debit Credit
Payment of wages
Wages expense        2,400
FICA - OASDI payable      148.80
FICA- HI payable        34.80
FIT payable      532.00
401 k payable        72.00
Child support payable      125.00
Health insurance premium payable      110.00
SIT payable      117.04
Wages payable 1,260.36
Payroll taxes:
Payroll taxes expense 183.6
FICA - OASDI payable 148.8
FICA- HI payable 34.8
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