Question: 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,

 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

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 pald 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. Gross Pay through August 31 $ 5,100 2.600 132.000 Gross Pay for September 5 2,200 2X700 8,600 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 $80 for this pay period. Complete this question by entering your answers in the tabs below. Taxes to be Withheld From General Journal Required information Complete this question by entering your answers in the tabs below. Taxes to be General Withheld From Gross Day Journal The employee's federal income taxes withheld by the employer are $30 for this pay period. Assuming situation (a), compute the taxes to be withheld from grous pay for this employee. (Round your answers to 2 decimal places) Taxes to be withheld From Gross Pay Employee-Paid Taxes September Earnings Tax Rate Tax Amount Subject to Tax Federal income tax 80.00 General Journal > Tervenommen wir n. men non Required information View transaction list Journal entry worksheet

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