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Required information [The following information applies to the questions displayed below.) A 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.) A company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For the company, 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 $1,700 2,950 3,050 124,800 $ 6,400 a. b. C. 9,900 Assuming situation (a), prepare the employer's September 30 Journal entries to record the employer's payroll taxes expense and related liabilities. Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places.) Journal entry worksheet 1 Record the employer's September 30 payroll taxes expense and its related liabilities. Note: Enter debits before credits Date General Journal Sep 30 babit Credit

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