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BMX Company has one employee. FICA Soclal Securlty taxes are 6 . 2 % of the first $ 1 3 7 , 7 0 0
BMX Company has one employee. FICA Soclal Securlty taxes are of the first $ pald to its employee, and FICA
Medicare taxes are of gross pay. For BMX its FUTA taxes are and SUTA taxes are of the first $ pald
to tts employee.
Exerclse Algo Payrollrelated Journal entrles LO P
Assuming situation a prepare the employer's September Journal entry to record salary expense and Its related payroll Ilabilitles for
this employee. The employee's federal income taxes withheld by the employer are $ for this pay perlod.
Complete this question by entering your answers in the tabs below.
Taxes to be
Withheld From
Gross Pay
General
Journal
Assuming situation a prepare the employer's September 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 $ for this pay period.
Note: Round your answers to decimal places.
Journal entry worksheet
Prepare the employer's September journal entry to record accrued salary
expense and its related payroll liabilities for this employee.
Nate: Enter debits befare credits.
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