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please help answer Required information Use the following information for the Exercises below. (Algo) The following imfomation applies to the questions displayed below] 1. On
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Required information Use the following information for the Exercises below. (Algo) The following imfomation applies to the questions displayed below] 1. On July 15, Pper Company sold $27,000 of merchandise (costing $13,500 for cash. The sales tax rate is 4% On August 1, Piper sent the salestax collecled from the sale to the government. 2. On November 3 , the Milwaukee Bucks sold a six-game pack of advance tickets for $810 cash. On November 20, the Bucks played the first game of the six-game pack (this represented one-sixth of the advance ticket sales) Exercise 93 (Algo) Financial statement impact of current liability transactions LO C2 Analyze each separate transaction by showing its effects on the accounting equation-specifically, identify the accounts and amounts including + or - ) for each transaction Note: Enter all amounts as positive values. transactions LO C2 in-specifically, Identify the accounts 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 pald to its employee, andFICA Medicare taxes are 145% of gross pay For BMX, its FUTA taxes are 0.6% and SUTA taxes are 54% of the first $7,000 paid to its employee Exercise 9-7 (Algo) Computing payroll taxes LOP2, P3 Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September und each of three separate stuations (a), (b), and (c) Note: Round your answers to 2 decimal places Step by Step Solution
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