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BMX Company has one employee. FICA Social Security taxes are 6 . 2 % of the first $ 1 3 7 , 7 0 0
BMX Company has one employee. FICA Social Security taxes are of the first $ paid to its employee, and FICA Medicare taxes are of gross pay. For BMX its FUTA taxes are and SUTA taxes are of the first $ paid to its employee.
tableGross Pay through,,August tableGross Pay forSeptembera$$
Journal entry worksheet
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Prepare the employer's September journal entry to record accrued salary expense and its related payroll liabilities for this employee.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CredittableSeptember
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