Toren Inc. employs one person to run its solar management company. The employee’s gross income for the month of May is $6,600. Payroll for the month of May is as follows: FICA Social Security tax rate at 6.2%, FICA Medicare tax rate at 1.45%, federal income tax of $420, state income tax of $85, health-care insurance premium of $230, and union dues of $50. The employee is responsible for covering 30% of his or her health insurance premium. A. Record the journal entry to recognize employee payroll for the month of May, dated May 31, 2017. Round your answers to the nearest whole dollar. If an amount box does not require an entry, leave it blank. May 31   fill in the blank f06e6df38fa3f84_2 fill in the blank f06e6df38fa3f84_3     fill in the blank f06e6df38fa3f84_5 fill in the blank f06e6df38fa3f84_6     fill in the blank f06e6df38fa3f84_8 fill in the blank f06e6df38fa3f84_9     fill in the blank f06e6df38fa3f84_11 fill in the blank f06e6df38fa3f84_12     fill in the blank f06e6df38fa3f84_14 fill in the blank f06e6df38fa3f84_15     fill in the blank f06e6df38fa3f84_17 fill in the blank f06e6df38fa3f84_18     fill in the blank f06e6df38fa3f84_20 fill in the blank f06e6df38fa3f84_21     fill in the blank f06e6df38fa3f84_23 fill in the blank f06e6df38fa3f84_24 B. Record remittance of the employee's salary with cash on June 1. Round your answers to the nearest whole dollar. If an amount box does not require an entry, leave it blank. June 1   fill in the blank 7cb514fdff9cfdc_2 fill in the blank 7cb514fdff9cfdc_3     fill in the blank 7cb514fdff9cfdc_5 fill in the blank 7cb514fdff9cfdc_6

An employee earned $62,500 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 of employer earnings per calendar year and the FICA tax rate Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay?

Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. Also, for the first $7,000 paid to each employee, the company's FUTA taxes are 0.6% and SUTA taxes are 5.4%. The company is preparing its payroll calculations for the week ended August 25. Payroll records show the following information for the company's four employees. Current Week Gross Pay through August 18 $ 124,200 134,300 9,000 2,950 Income Tax Name Gross Pay $ 4,700 3,400 1,600 1,000 Withholding $ 554 Dali Trey Kiesha 306 55 Chee 44 In addition to gross pay, the company must pay one-half of the $98 per employee weekly health insurance; each employee pays the remaining one-half. The company also contributes an extra 8% of each employee's gross pay (at no cost to employees) to a pension fund. Required: Compute the following for the week ended August 25. (Round your intermediate calculations and final answers to 2 decimal…

An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the first week of the calendar year are as follows: hours worked, 46; federal income tax withheld, $110; Social security tax rate, 6%; and Medicare tax rate, 1.5%; state unemployment tax, 5.4% on the first $7,000; federal unemployment tax, 0.8% on the first $7,000. What is the net amount to be paid to the employee? If required, round your answers to the nearest cent. O a. $539.00 Ob. $625,00 Oc$544.88 Od. $569.87