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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.

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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 6.2% 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 PH Gross Pay through August 31 $ 5,800 23ee 132,780 Gross Pay for September $ 1.400 2,400 9,300 cise 9-7 (Algo) Computing payroll taxes LO P2, P3 pute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of rate situations (al. (6.and to (Round your answers to 2 decimal places.) September Earnings Subject to Tax Tax Rate TEX Amount ASD Becuny edicare STA a. b C Gross Pay through August 31 $ 5,800 2,300 132,700 Gross Pay for September $ 1,400 2,400 9,300 Exercise 9-7 (Algo) Computing payroll taxes LO P2, P3 Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for Sep separate situations (a), (b), and (C. (Round your answers to 2 decimal places.) a) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA b) Pre 5 Next Assuming situation (a), prepare the employer September 30 journal entry to record laty pense and its related payroll this employen. The employees federal income taxes withheld by the employer an 90 for this pay period. (Round your ans decimal pihees.) View transaction list 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, General Journal Debit Credit Date September 30 16 Required information LICHLERLE 1 Record the employer's September 30 payroll taxes expense and its related liabilities. Note: Enter debits before credits. General Journal Debit Credit Date September 30 Record en Cle entry View general journal Payroll Taxes Expense

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