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three part question all using the chart from the last question please help me please i will give a big like Required information Use the
three part question all using the chart from the last question please help me please i will give a big like
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 $ 6,100 2,800 123,700 Gross Pay for September $1,400 2,900 9,600 b. C. Exercise 11-5 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 three separate situations (a) (b) and ((Round your answers to 2 decimal places.) a) Tax Rate Tax FICA-Social Security FICA Medicare FUTA September Earnings Subject to Tax 1.000.00 1.400.00 900.00 520% 1 45% 0609 Tax Amount 86.50 20.30 540 a) Tax Tax Rate Tax Amount September Earnings Subject to Tax $ 1,400.00 6.20% $ 86.80 1.45% 20.30 FICA_Social Security FICA Medicare FUTA SUTA b) 1,400.00 900.00 900.00 0.60% 5.40 5.40% 48.60 Tax September Earnings Subject to Tax Tax Rate Tax Amount FICASocial Security FICA-Medicare FUTA SUTA c) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA--Social Security FICA-Medicare FUTA SUTA 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 $90 for this pay period. eBook Complete this question by entering your answers in the tabs below. Print Prerences Taxes to be Withheld From General Journal Gross Pay The employee's federal income taxes withheld by the employer are $90 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 Earings Tax Rate Tax Amount Subject to Tax Federal income tax 5 90.00 General Journal > entry worksheet 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 General Journal Debit Credit Sep 30 Record entry Clear entry View general journal Assuming situation (a), prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities Complete this question by entering your answers in the tabs below. Payroll Taxes General Expense Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places.) Employer Payroll taxes September earnings Tax Rate Tax Amount subject to tax General Journal > Journal entry worksheet Step by Step Solution
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