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Prepare the employer's September 30 journal entry. Saved Help Save & Exit Submit assignment: Accounting for C... Check my work ! Required information Use the
Prepare the employer's September 30 journal entry.
Saved Help Save & Exit Submit assignment: Accounting for C... Check my work ! 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 $137,700 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. Gross Pay through Gross Pay for August 31 September $ 6,700 $ 400 2,300 2,400 131,700 8,300 a. b. C. Exercise 9-8 (Algo) 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 liabilities for this employee. The employee's federal income taxes withheld by the employer are $90 for this pay period. Complete this question by entering your answers in the tabs below. Taxes to be Canon Check my work 4. Juu 131,700 40V 8,300 C. xercise 9-8 (Algo) Payroll-related journal entries LO P2 ssuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related ayroll liabilities for this employee. The employee's federal income taxes withheld by the employer are $90 for this y period. Complete this question by entering your answers in the tabs below. Taxes to be General Vithheld From Gross Pay Journal The employee's federal income taxes withheld by the employer are $90 for this pay period. Assuming situation (a), compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places.) Taxes to be Withheld From Gross Pay (Employeo-Pald Taxes) September Earnings Tax Rate Tax Amount Subject to Tax ederal income tax $ 90.00 Testo be with From Gross Pay General Journal > Required information Journal entry worksheet Step by Step Solution
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