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5 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
5 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. Part 2 of 3 a. b. c. Gross Pay through August 31 $ 6,100 2,100 128, 200 Gross Pay for September $1,400 2,200 9,600 1.07 points Skipped Exercise 9-8 (Algo) Payroll-related journal entries LO P2 eBook Hint Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for this employee. The employee's federal income taxes withheld by the employer are $90 for this pay period. References Complete this question by entering your answers in the tabs below. Taxes to be Withheld From Gross Pay General Journal Taxes to be Withheld From Gross Pay General Journal The employee's federal income taxes withheld by the employer are $90 for this pay period. Prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for this employee. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee. Note: Enter debits before credits
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