Payroll Taxes Expense General Journal File Ed Prepare the employer's September 30 journal entry to record...
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Payroll Taxes Expense General Journal File Ed Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its rel I Assign Note: Round your answers to 2 decimal places. View transaction list View journal entry worksheet X 9-9 1 No Date General Journal 1 September 30 Salaries expense Employee federal income taxes payable 1 FICA-Social security taxes payable 02:37:42 kipped eBook Hint Print eferences Debit Credi 400.00 FICA-Medicare taxes payable Salaries payable Payroll Taxes Expense General Journal > BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $132,900 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. a. b. C. Gross Pay through August 31 $ 6,700 2,300 126,900 Gross Pay for September $ 400 2,400 8,300 Exercise 9-9 (Algo) Payroll-related journal entries LO P3 Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Payroll Taxes General Expense Journal Compute the payroll taxes expense. Note: Round your answers to 2 decimal places. Employer Payroll taxes FICA-Social Security FICA-Medicare tion f t-veri September earnings subject to tax Tax Rate Tax Amount 400.00 400.00 6.20% 1.45% Total Payroll Taxes Expense $ Payroll Taxes Expense $ % 8 24.80 5.80 30.60 General Journa Payroll Taxes Expense General Journal File Ed Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its rel I Assign Note: Round your answers to 2 decimal places. View transaction list View journal entry worksheet X 9-9 1 No Date General Journal 1 September 30 Salaries expense Employee federal income taxes payable 1 FICA-Social security taxes payable 02:37:42 kipped eBook Hint Print eferences Debit Credi 400.00 FICA-Medicare taxes payable Salaries payable Payroll Taxes Expense General Journal > BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $132,900 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. a. b. C. Gross Pay through August 31 $ 6,700 2,300 126,900 Gross Pay for September $ 400 2,400 8,300 Exercise 9-9 (Algo) Payroll-related journal entries LO P3 Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Payroll Taxes General Expense Journal Compute the payroll taxes expense. Note: Round your answers to 2 decimal places. Employer Payroll taxes FICA-Social Security FICA-Medicare tion f t-veri September earnings subject to tax Tax Rate Tax Amount 400.00 400.00 6.20% 1.45% Total Payroll Taxes Expense $ Payroll Taxes Expense $ % 8 24.80 5.80 30.60 General Journa
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Related Book For
College Physics
ISBN: 978-0495113690
7th Edition
Authors: Raymond A. Serway, Jerry S. Faughn, Chris Vuille, Charles A. Bennett
Posted Date:
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