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4 Required Information Use the following information for the Exercises below. The following information applies to the questions displayed below) BMX Company has one employee.

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Required Information Use the following information for the Exercises below. The following information applies to the questions displayed below) BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare taxes are 1,45% of gross pay. For BMX, its FUTA taxes are 06% and SUTA taxes are 5.4% of the first $7.000 paid to its employee Gross Day through Gross Pay for a. b. August 31 $6,500 3. 124,100 September $ 1.900 3,100 10,000 Exercise 11-7 Payroll-related Journal entries LO P3 Exercise 11-7 Payroll-related Journal entries LO P3 Assuming situation (. prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities Complete this question by entering your answers in the tabs below. V Payroll Taxes General Expense Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places.) Employer Payroll taxes September earnings Tax Rate Tax Amount subjeot to tax General Journal > Required information Complete this question by entering your answers in the tabs below. Payroll Taxes General Expense Journal Prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related Habilities General Joumat Debit Credit Sep 30 Prov Next >

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