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please help fill all these charts and explain work! Prepare the employer's September 30 joumal entries to record the employer's payroll taxes expense and its
please help fill all these charts and explain work!
Prepare the employer's September 30 joumal entries to record the employer's payroll taxes expense and its related liabiliti your answers to 2 decimal places.) Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related liabilities. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below] 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. Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of thr eparate situations (a),(b), and (c). (Round your answers to 2 decimal places.) Required information [The following information applies to the questions displayed below] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare taves are 1.45% of gross pay. For BMX, its FUTA taxes ace 0.6% and $ UTA taxes are 5.4% of the first $7,000 paid to its employee. Compute BMX's amounts for each of these four taxes as applied to the enployee's gross eamings for September under each of t separate situations (a), (b), and (C). (Round your onswers to 2 decimal ploces.) Assuming situation (a). prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. Complete this question by entering your answers in the tabs below. Compute the payroll taxes expense. (Round your answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. The employee's federal income taxes withheld by the employer are $80 for this pay period. Prepare the employer's September 30 journal entries to record salary expense and its related payroll liabilities for this employee. (Round your answers to 2 decimal places.) Journal entry worksheet Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employes. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below] 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. Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of thr eparate situations (a),(b), and (c). (Round your answers to 2 decimal places.) Step by Step Solution
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