$!$ Required information

Use the following information for the Exercises below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

BMX Company has one employee. FICA Social Security taxes are $6\mathrm{.}2\%$ of the first $$137,700$ paid to its employee, and FICA

Medicare taxes are $1\mathrm{.}45\%$ of gross pay. For BMX$,$ its FUTA taxes are $0\mathrm{.}6\%$ and SUTA taxes are $5\mathrm{.}4\%$ of the first $$7,000$ paid

to its employee.

Exercise $9-8($Algo$)$ Payroll$-$related journal entries LO P$2$

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.

Note: Round your answers to $2$ decimal places. Exercise $9-8($Algo$)$ Payroll$-$related journal entries LO P$2$

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

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 witheld by the employer are $$80$ for this pay period.

Note: Round your answers to $2$ decimal places.

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. Exercise $9-9($Algo$)$ Payroll$-$related journal entries LO P$3$

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.

Assuming situation $($a$),$ compute the payroll taxes expense.

Note: Round your answers to $2$ decimal places.Exercise $9-9($Algo$)$ Payroll$-$related journal entries LO P$3$

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.

Prepare the employer's September $30$ journal entry to record the employer's payroll taxes expense and its related liabilities.

Note: Round your answers to $2$ decimal places.

Journal entry worksheet

Record the employer's September $30$ payroll taxes expense and its related

liabilities.

Note: Enter debits before credits.

Required information

Use the following information for the Exercises below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

BMX Company has one employee. FICA Social Security taxes are $6\mathrm{.}2\%$ of the first $$137,700$ paid to its employee, and FICA Medicare taxes are $1\mathrm{.}45\%$ of gross pay. For BMX$,$ its FUTA taxes are $0\mathrm{.}6\%$ and SUTA taxes are $5\mathrm{.}4\%$ of the first $$7,000$ paid to its employee.

$\backslash$table$[[,$Gross Pay through,Gross Pay for$],[,$August $31,$September$],[$a$.,$$$6,200,$$$1,600],[$b$.,2,200,2,300],[$c$.,133,100,9,700]]$

Exercise $9\mathrm{.}7($Algo$)$ Computing payroll taxes LO P$2,$ P$3$

Compute BMX$\text{'}$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$).$

Note: Round your answers to $2$ decimal places.

$\backslash$table$[[$a$)],[$Tax$,\backslash$table$[[$September Earnings$],[$Subject to Tax$]],$Tax Rate,Tax Amount$],[$FICA$-$Social Security$],[$FICA$-$Medicare$],[$FUTA$],[$SUTA$],[$b$)],[$Tax$,\backslash$table$[[$September Earnings$],[$Subject to Tax$]],$Tax Rate,Tax Amount$],[$FICA$-$Social Security$],[$FICA$-$Medicare$],[$FUTA$],[$SUTA$],[$c$)],[$Tax$,\backslash$table$[[$September Earnings$],[$Subject to Tax$]],$Tax Rate,Tax Amount$],[$FICA$-$Social Security$],[$FICA$-$Medicare$],[$FUTA$],[$SUTA$,,,]]$