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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 6.2% of the first

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 $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. a. b. C. Gross Pay through August 31 $ 6,400 2,000 131,400 Gross Pay for September $ 800 2,100 8,000 Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (c). (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. a) September Earnings Tax Subject to Tax Tax Rate Tax Amount FICA-Social $ 2,100.00 6.20% $ 130.20 Security FICA-Medicare 2,100.00 1.45% 30.45 FUTA 2,100.00 0.60% 12.60 SUTA 2,100.00 5.40% 113.40 b) (e Answer is complete but not entirely correct. Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social S 2,100.00 6.20% $ Security 130.20 FICA-Medicare 2,100.00 1.45% 30.45 FUTA 2,100.00 0.60% 12.60 SUTA 2,100.00 5.40% 113.40 b) September Earnings Tax Tax Rate Tax Amount Subject to Tax FICA-Social 2,000.00 6.20% 161.20 Security FICA-Medicare 2.600.00 1.45% 37.70 FUTA 2,600.00 0.60% 15.60 SUTA 2,600.00 5.40% 140.40 C Tax September Earnings Tax Rate Subject to Tax FICA-Social S 5,800.00 6.20% S Security FICA-Medicare 8,500.00 1.45% Tax Amount 359.60 123.25 FUTA SUTA [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. a. b. C. Gross Pay through August 31 $ 6,400 2,000 131,400 Gross Pay for September $ 800 2,100 8,000 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 Withheld From Gross Pay General Journal The employee's federal income taxes withheld by the employer are $80 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 (Employee-Paid Taxes) Federal income tax September Earnings Subject to Tax Tax Rate Tax Amount $ 80.00 Journal entry worksheet < 1 Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee. Note: Enter debits before credits. Date September 30 General Journal Debit Credit Record entry Clear entry View general journal 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 $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. b. c. Gross Pay through August 31 $ 6,400 2,000 131,400 Gross Pay for September $ 800 2,100 8,000 Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Assuming situation (a), compute the payroll taxes expense. (Round your answers to 2 decimal places.) Employer Payroll taxes September earnings subject to tax Tax Rate Tax Amount 0.00

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