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What would be the correct answers? Chech Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions
What would be the correct answers?
Chech Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137700 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 $ 5,800 2.300 132,700 Gross Day for September $ 1,400 2.400 9,300 b. 0. Exercise 9-8 (Algo) Payroll-related journal entries LO P2 Assuming situation (), prepare the employer's September 30 Journal entry to record salary expense and its related payroll abilities for this employee. The employee's federal income taxes withheld by the employer are $90 for this pay period. oyee, the employee stederal income taxes withheld by the employer are $90 for this pay period. Complete this question by entering your answers in the tabs below. Taxes to be General Withheld From Journal Gross Pay The employee's federal income taxes withheld by the employer are $90 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) September Earnings Subject to Tax Federal income tax Tax Rate Tax Amount $ 90.00 Termo Pay General Journal > Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll abilities for this employee. The employee's federal income taxes withheld by the employer are $90 for this pay period. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee. Notencer et before credits General Journal Debu Credit Date September 30 Tentes BOL Clary View general al Step by Step Solution
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