SP$24\_$FIRST

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Discussion Question $2$

EA$14$ Toren Inc. employs one person to run its solar management company. The employee's gross income for the month of May is $$6,000.$ Payroll for the month of May is as follows: FICA Social Security tax rate at $6\mathrm{.}2\%,$ FICA Medicare tax rate at $1\mathrm{.}45\%,$ federal income tax of $$400,$ state income tax of $$75,$ health$-$care insurance premium of $$200,$ and union dues of $$50.$ The employee is responsible for covering $30\%$ of his or her health insurance premium.

Record the journal entry to recognize employee payroll for the month of May, dated May $31,2017.$

Record remittance of the employee's salary with cash on June $1.$