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BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its employee, and FICA Medicare taxes are 1.45%

BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 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. Gross Pay through b. August 31 $ 6,800 2,400 131,800 Gross Pay for September $ 700 2,500 8,400 Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (c). (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. a) Tax FICA-Social Security September Earnings Subject to Tax 700.00 Tax Rate Tax Amount 6.20% $ 43.40 Required information a) Tax September Earnings Subject Tax Rate Tax Amount to Tax FICA-Social $ 700.00 6.20% $ 43.40 Security FICA-Medicare 700.00 1.45% 10.15 FUTA 200.00 0.60% 1.20 SUTA 200.00 5.40% 10.80 b) September Tax Earnings Subject Tax Rate Tax Amount to Tax FICA-Social 2,500.00 6.20% $ 155.00 Security FICA-Medicare 2,500.00 1.45% 36.25 FUTA 0.00 SUTA 0.00 Required information FICA-Social Security FICA Medicare FUTA SUTA ( S 2,500.00 6.20% $ 155.00 2,500.00 1.45% 36.25 0.00 X 0.00x September Tax Earnings Subject Tax Rate Tax Amount to Tax FICA-Social $ 8,400.00 X 6.20% $ 520.80 Security FICA-Medicare 8,400.00 1.45% 121.80 FUTA SUTA Complete this question by entering your answers in the tabs below. Taxes to be Withheld From Gross Pay General Journal The employee's federal income taxes withheld by the employer are $70 for this pay period. Assuming situation (a), 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) Federal income tax September Earnings Subject to Tax Tax Rate Tax Amount $ 70.00 Taxes to be Withheld From Gross Pay General Journal > < 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. Date September 30 General Journal Debit Credit

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