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t Problems Requirea information Saved [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are
t Problems Requirea information Saved [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 Gross Pay for August 31 $ 5,900 2,400 132,800 September $ 1,400 2,500 9,400 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 $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. Assuming situation (a), 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) Federal income tax- September Earnings Subject to Tax Tax Rate Tax Amount $ 80.00 Tesss to be Withheld From Gross Pay General Journal > 5 hts Journal entry worksheet 01:27:16 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. Date September 30 General Journal Debit Credit Record entry Clear entry View general journal
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