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Required information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below ] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $132,900 paid to its employee, and FICA Medicare taxes are 145% 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. Exercise 99 (Algo) Payroll-related journal entries LO P3 Assuming situation (a), prepare the employer's September 30 journal entry torecord the employer's payroll taxes expens and its related liabilities. Complete this question by entering your answers in the tabs below. Compute the payroll takes expense. Note Round your answers to 2 decimal places. repare the employer's September 30 joumal entry to record the employer's payroll taxes expense dote: Round your answers to 2 decimal places. Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related labilies. Motet Enser dobits before credits. Exercise 10-1 (Algo) Debt versus equity financing LO A1 No-Toxic-Toys currently has $410,000 of equity and is planning an $164,000 expansion to meet increasing demand for its product. The company currently earns $61,500 in net income, and the expansion will yield $30,750 in additional income before any interest expense. The company has three options (1) do not expand, (2) expand and issue $164,000 in debt that requires payments of 118: annual interest, or (3) expand and raise $164,000 from equity financing For each option, compute (d) net income and (b) return on equity (Net Income - Equity) ignore any income tax effects Note: Round "Return on equity" to 1 decimal place