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8 [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $132,900
8 [The following information applies to the questions displayed below.] 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 0.5 points a. b. C. Gross Pay through August 31 $ 6,400 2,000 126,600 Gross Pay for September $ 800 2,100 8,000 eBook 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 $80 for this pay period. COD Hint Complete this question by entering your answers in the tabs below. Print r References Taxes to be Withheld From General Journal Gross Pay The employee's federal income taxes withheld by the employer are $80 for this pay period. Compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places.) Taxes to be Withheld From Gross Pay (Employee-Paid Taxes) September Earnings Tax Rate Tax Amount Subject to Tax Federal income tax 80.00 Journal 8 Required information CHILI Y LUI CLUIU SIQI Y CAPCHSC GNU ILS I CIOLCU payroll TOVILICS TUI LITIS CupIvyce. Round your allSWCIS L eBook Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee. Hint Note: Enter debits before credits. Date General Journal Debit Credit Print Sep 30 Payroll taxes expense FICASocial security taxes payable FICA-Medicare taxes payable Salaries payable Salaries expense References Record entry Clear entry View general Journal Taxes to be Withheld From Gross Pav General lournal Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 9 paid to its employee. a. b. Gross Pay through August 31 $ 6,400 2,000 126,600 Gross Pay for September $ 800 2,100 8,000 Part 3 of 3 0.75 points Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places.) Employer Payroll taxes Tax Rate Tax Amount September earnings subject to tax 800.00 FICASocial Security 6.20% $ 49.60 FICAMedicare 800.00 1.45% 11.60 FUTA 1,200.00 X 0.60% 7.20 SUTA 1,200.00 X 5.40% 64.80 Total Payroll Taxes Expense $ 133.20 Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 9 paid to its employee. a. b. Gross Pay through August 31 $ 6,400 2,000 126,600 Gross Pay for September $ 800 2,100 8,000 Part 3 of 3 0.75 points Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places.) No Date General Journal Debit Credit 1 Sep 30 133.20 x 49.60 Payroll taxes expense FICASocial security taxes payable FICA-Medicare taxes payable Federal unemployment taxes payable State unemployment taxes payable 11.60 7.20 X 64.80
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