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What would be the correct answers? Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed
What would be the correct answers?
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 $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 pald to its employee. a. b. c. Gross Pay through August 31 $ 5,800 2,300 132,700 Gross Pay for September $ 1,400 2,400 9,300 Exercise 9-8 (Algo) Payroll-related journal entries LO P2 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. Complete this question by entering your answers in the tabs below. 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. Assuming situation (). compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places) Time to be with Prom droos wymoy Paid Tue) Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll la this employee. The employee's federal 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 Gross Pay Journal 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-Pald Taxes) September Earnings Tax Rate Subject to Tax Tax Amount Federal income tax 90.00 $ Tars to be Wild From Gross Pay General Journal > Journal Gross Pay 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 $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. Note: Enter debits before credits General Journal Debit Credit September 30 Record entry Clear entry View general Journal 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 $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 pald to its employee. a. b. c. Gross Pay through August 31 $ 5,800 2,300 132,700 Gross Pay for September $ 1,400 2,400 9,300 Exercise 9-8 (Algo) Payroll-related journal entries LO P2 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. Complete this question by entering your answers in the tabs below. 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. Assuming situation (). compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places) Time to be with Prom droos wymoy Paid Tue) Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll la this employee. The employee's federal 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 Gross Pay Journal 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-Pald Taxes) September Earnings Tax Rate Subject to Tax Tax Amount Federal income tax 90.00 $ Tars to be Wild From Gross Pay General Journal > Journal Gross Pay 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 $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. Note: Enter debits before credits General Journal Debit Credit September 30 Record entry Clear entry View general Journal Step by Step Solution
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