Required information [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes...
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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 $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.
Gross Pay through
Gross Pay for
August 31
September
5,000
$2, 100
2, 250
2 , 350
122, 600
8,500
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 $90 for this pay period.
Complete this question by entering your answers in the tabs below.
Taxes to be
Withheld From
General
Gross Pay
Journal
The employee's federal income taxes withheld by the employer are $90 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
$
90.00
< Taxes to be Withheld From Gross Pay
General Journal >

Screen Shot 2019-09-23 at 11.38.14 PM.png

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 $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.
Gross Pay through
Gross Pay for
August 31
September
$ 5,000
$2 , 100
b.
2 , 250
2, 350
122 , 600
8, 500
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 $90 for this pay period.
Complete this question by entering your answers in the tabs below.
Taxes to be
Withheld From
General
Gross Pay
Journal
The employee's federal income taxes withheld by the employer are $90 for this pay period. Prepare the employer's September 30 journal
entries to record salary expense and its related payroll liabilities for this employee. (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.
Date
General Journal
Debit
Credit
Sep 30

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how do i figure out?
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Answer:
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