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stuck on this any help? Check my wom BMX Company has one employee. FICA Social Security taxes are 6.2 % of the first $128,400 paid
stuck on this any help?
Check my wom 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 $7000 paid to its employee. Gross Pay through August 31 $ 6,600 2,10e 122,300 Gross Pay for September $ 5ee a. b. 2,20e 8,200 C. Assuming situation (a), prepare the employer's 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 Withheld From Gross Pay General Journal The employee's federal income taxes withheld by the employer are $80 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 Subject to Tax Tax Rate Tax Amount Federal income tax $ 80.00 Rrou The employee's federal income taxes withheld by the employer are $80 for this pay perlod. Prepare the employer's September 30 jounal entries to record salary expense and its related payrol liabilities for this employee. (Round your answers to 2 decimal places.) = 2 of 3 View transaction list Journal entry worksheet 04:3613 Book Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee. Hint Print Note: Enter debits before credits erences Credit General Journal Debit Date Sep 30 View general journal Clear entry Record entry Step by Step Solution
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