Question
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] BMX Company has one employee. FICA
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] BMX 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 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 $ 6,500 3,000 124,100 Gross Pay for September $ 1,900 3,100 10,000 xercise 11-6 Payroll-related journal entries LO P2 ssuming situation (a), prepare the employer's September 30 journal entries to record salary expense and its related payroll liabilities this emnlovee. The emplovee's federal income taxes withheld by the emplover are SRO for this nav perind T
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