Question: Could you explain how to solve it? 4 Part 2 of 3 1 points Required Information [The following information applies to the questions displayed below.]

 Could you explain how to solve it? 4 Part 2 of3 1 points Required Information [The following information applies to the questions Could you explain how to solve it?

4 Part 2 of 3 1 points Required Information [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $132,900 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 September August 31 $1,800 3,200 127,800 $ 5,700 eBook b. C. 3,300 9,200 Hint 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 $70 for this pay period. Print Complete this question by entering your answers in the tabs below. References Taxes to be General Withheld From Journal Gross Pay The employee's federal income taxes withheld by the employer are $70 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 Earnings Subject to Tax Tax Rate Tax Amount Federal income tax S 70.00 Taxes to be Withheld From Gross Pay General Journal > 4 Part 2 of 3 Required Information [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $132,900 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. 1 points Gross Pay through August 31 $ 5.700 3,200 127,500 Gross Pay for September $1,888 3,30 9.200 eBook 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 $70 for this pay period. Prire Complete this question by entering your answers in the tabs below. References Taxes to be General Withheld From Gross Pay Journal The employee's federal income taxes withheld by the employer are $70 for this pay period. Prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for this employee. (Round your answers to 2 decimal places.) View transaction lit Journal entry worksheet

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