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Required Information Use the following information for the Exercises below. (Algo) [The following information applles to the questions displayed below.] BMX Company has one employee.
Required Information Use the following information for the Exercises below. (Algo) [The following information applles to the questions displayed below.] BMX Company has one employee. FICA Soclal Securlty taxes are 6.2% of the first $137,700 pald 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 pald to Its employee. Exercise 9-8 (Algo) Payroll-related journal entries LO P2 Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and Its related payroll Ilabilitles f this employee. The employee's federal Income taxes withheld by the employer are $90 for this pay perlod. Complete this question by entering your answers in the tabs below. The employee's federal income taxes withheld by the employer are $90 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. Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and Its related payroll IIabilitles for his employee. The employee's federal Income taxes witheld by the employer are $90 for this pay perlod. Complete this question by entering your answers in the tabs below. 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 $90 for this pay period. Note: Round your answers to 2 decimal places. Journal entry worksheet 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. Requlred Information Use the following information for the Exercises below. (Algo) [The following information applles to the questions displayed below.] BMX Company has one employee. FICA Soclal Securlty taxes are 6.2% of the first $137,700 pald 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 pald to Its employee. Exercise 9-9 (Algo) Payroll-related journal entries LO P3 Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its elated liabilitles. 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 P3 Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its elated llabilitles. 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
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