Question: Ch 9: Homework Saved Help Save & 10 Part 2 of 3 Required information Use the following information for the Exercises below. [The following information


Ch 9: Homework Saved Help Save & 10 Part 2 of 3 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. 8.33 points eBook a. b. C. Gross Pay through August 31 $ 5,900 2,700 123,500 Gross Pay for September $1,400 2,800 9,400 Print References Exercise 9-6 Payroll-related journal entries LO P2 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 $80 for this pay period. Complete this question by entering your answers in the tabs below. o Exercise 9-6 Payroll-related journal entries LO P2 2 of 3 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 $80 for this pay period. ts Complete this question by entering your answers in the tabs below. eBook Hint Print Taxes to be General Withheld From Journal Gross Pay The employee's federal income taxes withheld by the employer are $80 for this pay period. Compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places.) mferences Taxes to be Withheld From Gross Pay (Employee-Pald Taxes) September Earnings Subject to Tax Tax Rate Tax Amount Federal income tax $ 80.00 General Journal View transaction list Journal entry worksheet
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