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please help Required Information Use the following information for the Exercises below. (Algo) [The following information applles to the questions displayed below] BMX Company has
please help
Required Information Use the following information for the Exercises below. (Algo) [The following information applles 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, 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 Exercise 9-8 (Algo) Payroll-related journal entries LO P2 Assuming situation (o), prepare the employer's September 30 journal entry to record salary expense and its related payroll trabilities f? this employee. The employee's federal income taxes withheld by the employer are $70 for this pay penod. Complete this question by entering your answers in the tabs below. The employee's federal income taxes withheld by the employer are $70 for this pay period. Compute the taxes to be withheld from gross pay for this employee. Notei Round your answers to 2 decimal places. The employee's federal income taxes withheld by the employer are $70 for this pay period. entry to record salary expense and its related payroll liabilities for this employee. Note: 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 employee. Notel Enter debits before credits Step by Step Solution
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