Question: READ SCREENSHOTS! THIS PROBLEM IS INCORRECT! I HAVE SENT IT IN 3 TIMES! Exercise 9 - 9 ( Algo ) Payroll - related journal entries
READ SCREENSHOTS! THIS PROBLEM IS INCORRECT! I HAVE SENT IT IN TIMES!
Exercise Algo Payrollrelated journal entries LO P
PLEASE ANSWER ALL PARTS TO THIS ONE QUESTION CHARTS
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 of the first $ paid to its employee, and FICA Medicare taxes are of gross pay. For BMX its FUTA taxes are and SUTA taxes are of the first $ paid to its employee.
Gross Pay through August
a $
b
c
Gross Pay for September
a $
b $
c$
CHART Compute BMXs amounts for each of these four taxes as applied to the employees gross earnings for September under each of three separate situations ab and c
Note: Round your answers to decimal places.
CHART &Assuming situation a prepare the employers September journal entry to record salary expense and its related payroll liabilities for this employee. The employees federal income taxes withheld by the employer are $ for this pay period. The employees federal income taxes withheld by the employer are $ for this pay period. Assuming situation a compute the taxes to be withheld from gross pay for this employee. Note: Round your answers to decimal places.
CHART &Assuming situation a prepare the employers September journal entry to record the employers payroll taxes expense and its related liabilities.Assuming situation a compute the payroll taxes expense. Note: Round your answers to decimal places.
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