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Required information [The following information applles to the questions displayed below] BMX Company has one employee. FICA Soclal Security taxes are 6.2% of the first

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Required information [The following information applles to the questions displayed below] BMX Company has one employee. FICA Soclal Security taxes are 6.2% of the first $137700 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. Issuming s/tuation (a), prepare the employer's September 30 joumal entry to record salary expense and its related payroll labilities fo his 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. The employee's federal income taxes withineld by the employer are siso for this pay period. Assuming situation (o), compute the taves to be wilgheld from gross pay for this employee. (Aound your answern to 2 decimal ploces.) Journal entry worksheet Prepare the employer's September 30 joumal entry to record accrued salary expense and its related payroll liabilities for this employee. Note: Enter debits before credits

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