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

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

BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 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.

	Gross Pay through August 31	Gross Pay for September
a.	$ 6,800	$ 700
b.	2,400	2,500
c.	131,800	8,400

Exercise 11-9 (Algo) Payroll-related journal entries LO P3

Assuming situation (a), prepare the employers September 30 journal entry to record the employers payroll taxes expense and its related liabilities.

Complete this question by entering your answers in the tabs below.

• Payroll Taxes Expense
• General Journal

Assuming situation (a), compute the payroll taxes expense. Note: Round your answers to 2 decimal places.

Employer Payroll taxes	September earnings subject to tax	Tax Rate	Tax Amount
	$0.00