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Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] BMX Compeny has one employee. FICA Social Secunty taxes are 6.2% of the first $137700 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BM Xi its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Exercise 11-8 (Static) Payroll-related journal entries LO P2 Assuming situation (a) prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilites for this employee. The employee's federal income takes withheld by the employer are $80 for this pay period. Complete this question by entering your answers in the tabs below. The employee's federal income taxes withheld by the employer are 580 for this pay period. Assuming situation (a), compute the taxes to be withheld from gross pay for this employee. Note: Round your answers to 2 decimal ploces. Taxes to be Withheld From Gross Pay (Emaloyee.Paid Taxes) Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liablities f 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. The employee's federal income taxes withheld by the emplover are $80 for this pay period. Assuming situation (a), compute the taxes to be withheld from gross pay for this employee. Note: Round your answers to 2 decmal places. this employee. The employee's federal income taxes withheld by the employer are $80 for this pay period. Note: Round your answers to 2 decimal places. Journal entry worksheet Prepare the employer's September 30 fournal entry to record accrued salary expense and its related payroll liabilities for this employee. Note: Enter debits before redits Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] BMX Compeny has one employee. FICA Social Secunty taxes are 6.2% of the first $137700 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BM Xi its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Exercise 11-8 (Static) Payroll-related journal entries LO P2 Assuming situation (a) prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilites for this employee. The employee's federal income takes withheld by the employer are $80 for this pay period. Complete this question by entering your answers in the tabs below. The employee's federal income taxes withheld by the employer are 580 for this pay period. Assuming situation (a), compute the taxes to be withheld from gross pay for this employee. Note: Round your answers to 2 decimal ploces. Taxes to be Withheld From Gross Pay (Emaloyee.Paid Taxes) Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liablities f 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. The employee's federal income taxes withheld by the emplover are $80 for this pay period. Assuming situation (a), compute the taxes to be withheld from gross pay for this employee. Note: Round your answers to 2 decmal places. this employee. The employee's federal income taxes withheld by the employer are $80 for this pay period. Note: Round your answers to 2 decimal places. Journal entry worksheet Prepare the employer's September 30 fournal entry to record accrued salary expense and its related payroll liabilities for this employee. Note: Enter debits before redits
