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Kip Bowman is owner and sole employee of KB Corporation. He pays himself a salary of $1,500 each week.

Additional tax information includes: FICA taxOASDI 6.2% on first $137,700 FICA taxHI 1.45% on total pay Federal income tax $225.00 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 $115 per pay Health insurance premium $95 per pay

Record the payroll entry and payroll tax entry for the pay of the week ended June 7 (his year-to-date pay is $31,500).

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

	Account	Debit	Credit
Payment of wages	CashFUTA Taxes PayableHealth Insurance Premiums PayablePayroll TaxesWages Expense	fill in the blank	fill in the blank
	FICA Taxes Payable-OASDIFUTA Taxes PayablePayroll TaxesSUTA Taxes PayableWages Expense	fill in the blank	fill in the blank
	FICA Taxes Payable-HIFUTA Taxes PayablePayroll TaxesSUTA Taxes PayableWages Expense	fill in the blank	fill in the blank
	Employees FIT ExpenseEmployees FIT PayablePayroll TaxesSUTA Taxes PayableWages Expense	fill in the blank	fill in the blank
	Employees SIT PayablePayroll TaxesSUTA Taxes ExpenseSUTA Taxes PayableWages Expense	fill in the blank	fill in the blank
	Garnishment ExpensePayroll TaxesRetirement Plan Contributions ExpenseRetirement Plan Contributions PayableWages Expense	fill in the blank	fill in the blank
	Garnishment ExpenseGarnishment PayablePayroll TaxesTaxes PayableWages Expense	fill in the blank	fill in the blank
	Health Insurance Premiums ExpenseHealth Insurance Premiums PayableInsurance ExpensePayroll TaxesWages Expense	fill in the blank	fill in the blank
	CashFUTA Taxes PayablePayroll TaxesSUTA Taxes PayableWages Expense	fill in the blank	fill in the blank
Payroll taxes	CashFICA Taxes Payable-OASDIFUTA Taxes ExpensePayroll TaxesWages Expense	fill in the blank	fill in the blank
	CashFICA Taxes Payable-OASDIFUTA Taxes ExpenseFUTA Taxes PayableWages Expense	fill in the blank	fill in the blank
	CashFICA Taxes Payable-HIFUTA Taxes PayableSUTA Taxes PayableWages Expense	fill in the blank	fill in the blank

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