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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
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 of the first $ paid to its employee, and
FICA Medicare taxes are of gross pay. For BMX its FUTA taxes are and SUTA taxes are of the first $
paid to its employee.
Exercise Algo Payrollrelated journal entries LO P
Assuming situation a prepare the employer's September 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 $ for this pay period.
Complete this question by entering your answers in the tabs below.
The employee's federal income taxes withheld by the employer are $ for this pay period. Prepare the employer's September journal
entry to record salary expense and its related payroll liabilities for this employee.
Note: Round your answers to decimal places.
Journal entry worksheet
Prepare the employer's September journal entry to record accrued salary
expense and its related payroll liabilities for this employee.
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