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BMX Company has one employee. FICA Social Security taxes are $6\mathrm{.}2\%$ of the first $$137,700$ paid to its employee, and

FICA Medicare taxes are $1\mathrm{.}45\%$ of gross pay. For BMX$,$ its FUTA taxes are $0\mathrm{.}6\%$ and SUTA taxes are $5\mathrm{.}4\%$ of the first

$$7,000$ paid to its employee.

Assuming situation $($a$),$ prepare the employer's September $30$ journal entry to record the employer's payroll taxes expense and its

related liabilities.

Complete this question by entering your answers in the tabs below.

Payroll Taxes

General

Expense

Journal

Assuming situation $($a$),$ compute the payroll taxes expense.

Note: Round your answers to $2$ decimal places. Required information

$[$The following information applies to the questions displayed below.$]$

BMX Company has one employee. FICA Social Security taxes are $6\mathrm{.}2\%$ of the first $$137,700$ paid to its employee, and

FICA Medicare taxes are $1\mathrm{.}45\%$ of gross pay. For BMX$,$ its FUTA taxes are $0\mathrm{.}6\%$ and SUTA taxes are $5\mathrm{.}4\%$ of the first

$$7,000$ paid to its employee.

Assuming situation $($a$),$ prepare the employer's September $30$ journal entry to record the employer's payroll taxes expense and its

related liabilities.

Complete this question by entering your answers in the tabs below.

Payroll Taxes

Expense

Prepare the employer's September $30$ journal entry to record the employer's payroll taxes expense and its related liabilities.

Note: Round your answers to $2$ decimal places.

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