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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

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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 $127,200 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, Its FUTA taxes are 3.1% and SUTA taxes are 2.9% of the first $7,000 pald to its employee. Gross Pay through August 31 $ 6,800 2,300 119, 180 Gross Pay for September $ 700 2,500 8,400 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. Leave no cells blank.) Answer is not complete. Tax Rate Tax Amount 43.40 FICA-Social Security FICA-Medicare FUTA SUTA b) September Earnings Subject to Tax 700.00 700.00 500.00 500.00 6.20% 1.45% 3.10% 2.00% 10.15 18.50 14.50 Tax Tax Rate September Earnings Subject to Tax 700.00 Tax Amount 8.20% 43.40 10.15 FICA_Social Security FICA-Medicare FUTA SUTA 700.00 500.00 % 500.00 1.45% 3.10% 2.90% 15.50 14.50 b) Tax Tax September Earnings Subject to Tax Tax Rate Amount 6.20% FICASocial Security FICA-Medicare 1.4596 FUTA 3.10% SUTA 2.90% c) Tax Tax September Earnings Subject to Tax Tax Rate Amount 8.20% FICA-Social Security FICA-Medicare FUTA 1.4596 3.1096 SUTA 2.90% Assuming situation a, prepare the employer's September 30 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 $70 for this pay period. Complete this question by entering your answers in the tabs below. Employee Paid Taxes General Journal Assuming situation a, calculate the employee-paid taxes. The employee's federal income tax $70 for this pay period. (Round your answers to 2 decimal places.) Taxes to be Withheld From Gross Pay (Employee-Paid Taxes) September Earnings Subject to Tax Tax Rate Tax Amount Federal income tax 70.0 Assuming situation a, prepare the employer's September 30 journal entries to record salary this employee. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Prepare the employer's September 30 journal entry to record the accrued salary expense and its related payroll liabilities for this employee. Note: Enter debits before credits. Date General Journal Debit Credit Sep 30

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