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omework BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128.400 paid to its employee, and FICA Medicare taxes are
omework BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128.400 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. of 3 a. Gross Pay through August $ 5,190 2.300 122,790 Gross Pay for September $2,200 2,480 8,680 Assuming situation (a), prepare the employer's September 30 journal entries 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. encer Complete this question by entering your answers in the tabs below. Taxes to be Withheld From General Journal Gross Pay The employee's federal income taxes withheld by the employer are $80 for this pay period. Compute the taxes to be withheld from gross pay for this employee. Round your answers to 2 decimal places) Taxes to be Withheld From Gross Pay (Employee Paid Taxes September Earings Tax Rate Tax Amount Subject to Tax Federal income B000 C Prey Next > ACCg 11.doc Required information Journal entry worksheet of 3 1 Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee. DOR Note: Enter debits before credits ence Date General Journal Debit Credit Sep 30 Record entry Clear entry View general joumat
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