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 tax OASDI. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.2% on first $110,100 (6.2% employer) FICA tax 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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.6% 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $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 7 (his year-to-date pay is $31,500). JOURNAL DATE DESCRIPTION