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How do I do this? Part 2 of 2 Part 2012 (The following information applies to the questions displayed below.] BMX Company has one employee.
How do I do this?
Part 2 of 2 Part 2012 (The following information applies to the questions displayed below.] 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. 1.66 points eBook a. b. Gross Pay through Gross Pay for August 31 September $ 5,500 $ 2,300 3,000 3, 100 132,400 9,000 Hint C. Print References Assuming situation (a), prepare the employer's September 30 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 $80 for this pay period. Assuming situation (a), prepare the employer's September 30 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 $80 for this pay period. (Round your answers to 2 decimal places.) 1.66 points No Date General Journal Debit Credit 1 September 30 Salaries expense FICASocial security taxes payable FICA-Medicare taxes payable Employee federal income taxes payable Accounts payableStep by Step Solution
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