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please help Required information The following information applies to the questions displayed below) BMX Company has one employee. FICA Social Security taxes are 6.2% of
please help
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 $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. Gross Pay through August 31 $ 6,400 2,000 126,600 Gross Pay for September $800 2,100 8,000 b. 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. Complete this question by entering your answers in the tabs below. Taxes to be General Withheld From Journal Gross Pay The employee's federal income taxes withheld by the employer are $80 for this pay period. Prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for this employee. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Assuming situation (8), 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Taxes to be Withheld From General Gross Pay Journal The employee's federal income taxes withheld by the employer are $80 for this pay period. Prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for this employee. (Round your answers to 2 decimal places.) No Date General Journal Dobit Credit 1 Sep 30 Payroll taxes expense 98.85 X FICA-Social security taxes payable 55,80 % FICA-Medicare taxes payable 13.05 X Federal unemployment taxes payable X 3.00 State unemployment taxes payable X 27.00 Bolo Step by Step Solution
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