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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%

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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% of gross pay For BMX, its FUTA taxes are 06% and SUTA taxes are 5.4% of the first $7,000 paid to its employee Exercise 9-8 (Algo) Poyroll-related journal entries LO P2 Assuming situation (a), prepare the employer's September 30 journal entry to tecord 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. Complete this question by entering your answers in the tabs below. The employee's federal income takes withheld by the employer are 590 tor this pay period. Assuming situation (a), compute the taxes to be witheld from gross pay for this employee. Note: Round your answers to 2 dedinal places. 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. 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 06% and SUTA taxes are 5.4% of the first $7,000 paid to its employee Exercise 9-8 (Algo) Poyroll-related journal entries LO P2 Assuming situation (a), prepare the employer's September 30 journal entry to tecord 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. Complete this question by entering your answers in the tabs below. The employee's federal income takes withheld by the employer are 590 tor this pay period. Assuming situation (a), compute the taxes to be witheld from gross pay for this employee. Note: Round your answers to 2 dedinal places. 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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