Saved BMX Company has one employee, FICA Social Security taxes are 62% of the first $128.400 paid to its employee, and RICA 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. Gross Pay through August 31 $ ,5ee 2, see 123, 10e Gross Pay for September $2,300 2,600 Exercise 9-5 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 September under each of the separate situations (). (b). and ( (Round your answers to 2 decimal places.) September Earnings Subject to tax Tax Rate Tax Amount Tax FICA-Social Security FICA-Medicare FUTA SUTA Tax Rate Tax Amount September Earnings Subject to Tak Tue FICA-Soos Security FICA-Vedicare FUTA September Earnings Tax Rate Tax Amount FICA-Soca Senty ICA-Vedicare medicaid nuses v - puses v ip nuses Cadision 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. Gross Pay through August 31 $ 5,5ee 2,5ee 123, 1ee Gross Pay for September $2,300 2,60 9.ee Exercise 9-6 Payroll-related journal entries LO P2 Assuming situation (a), prepare the employers September 30 journal entries to record salary expense and its related payroll liabilities for this employee. The employee's federal income taxes withheld by the employer are $80 for this pay period. Complete this question by entering your answers in the tabs below. Taxes to be General withheld From Journal Gross Day The employee's federal income taxes withheld by the employer are 580 for this pay period. Compute the taxes to be withheld From gross pay for this employee. (Round your answers to 2 decimal places.) Taxes to be Withheld From Gross Pay Employee Paid Taxes) September Earnings Tax Rate Tax Amount Subject to Tak Federal income tax General Journal 3 of 3 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 06% and SUTA taxes are 5.4% of the first $7.000 paid to its employee. Gross Pay for September Gross Pay through August 31 $ 5,5ee 2. See 123,100 2,600 9.ee Exercise 9.7 Payroll-related journal entries LO P3 Assuming situation (d. prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities References Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places.) Employer Payroll taxes September eamings subjeot to tax Tax Rate Tax Amount Generales >
