Can you also explain to me why Gross Pay through August and Gross Pay through September are both listed and how to know which one to pick? Thanks.

expense Pecorded during 20X3 when the warranties on the bicycles are honored. 4. Prepare the journal entry to record the expenditures incurred to repair/replace the bicycles under the warranties. 5. Determine the Balance of the Estimated Warranty Liability account at the end of 20x3. Pavroll Tax Problem Their Gross pay for the month of September and their Gross pay through August A Company has 3 employees. of the current year is given below: Gross Pay through Gross Pay for September Employee August $6,500 22,500 113,700 $1,100 1,800 8,000 One Two Three The tax rates are as follows: FICA Social Security: 6.2% of the first $118,500 paid to an employee in a calendar year. FICA Medicare: 1 .45% of gross pay FUTA taxes: 0.6%; SUTA taxes 3.0% of the first $7,000 paid in a calendar year. Compute the amounts of the four taxes for each employee above. Payroll