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Saved mework ! Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) BMX Company has
Saved mework ! 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 Gross Pay for August 31 September $ 6,300 Do 2,900 123,900 $1,800 3,000 9,800 Exercise 11-7 Payroll-related journal entries LO P3 Assuming situation (a), prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and it related liabilities 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 earnings subject to tax Tax Rate Tax Amount 0.00 View transaction list Journal entry worksheet 1 > Record the employer's September 30 payroll taxes expense and its related liabilities Note: Enter debits before credits Date General Journal Debit Credit Sep 30 ces Record entry Clear entry View general Journal
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