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Required information [ The following information applies to the questions displayed below. ] BMX Company has one employee. FICA Social Security taxes are 6 .
Required information The following information applies to the questions displayed below. BMX Company has one employee. FICA Social Security taxes are of the first $ paid to its employee, and FICA Medicare taxes are of gross pay. For BMX its FUTA taxes are and SUTA taxes are of the first $ paid to its employee. Assuming situation a prepare the employer's September journal entries to record salary expense and its related payroll liabilities for this employee. The employee's federal income taxes withheld by the employer are $ for this pay period. Round your answers to decimal places. Journal entry worksheet Prepare the employer's September journal entry to record the accrued salary expense and its related payroll liabilities for this employee. 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 of the first $ paid to its employee, and FICA
Medicare taxes are of gross pay. For BMX its FUTA taxes are and SUTA taxes are of the first $ paid
to its employee.
Assuming situation a prepare the employer's September journal entries to record salary expense and its related payroll liabilities
for this employee. The employee's federal income taxes withheld by the employer are $ for this pay period. Round your answers
to decimal places.
Journal entry worksheet
Prepare the employer's September journal entry to record the accrued
salary expense and its related payroll liabilities for this employee.
Note: Enter debits before credits.
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