Eps://ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mheducation.co.. Connect mework 0 Saved 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. Gross Pay through August 31 6,400 2,000 122,100 Gross Pay for September $4 $ 800 2,100 8,000 a. b. c. Exercise 9-7 Payroll-related journal entries LO P3 Assuming situation (a). prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. Complete this question by entering your answers in the tabs below. Fes ces Payroll Taxes Expense General Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places.) Tax Amount September earnings subject to tax Tax Rate Employer Payroll taxes 0.00 Next > 16 of 15 Drov

Eps://ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mheducation.co.. Connect mework 0 Saved 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. Gross Pay through August 31 6,400 2,000 122,100 Gross Pay for September $4 $ 800 2,100 8,000 a. b. c. Exercise 9-7 Payroll-related journal entries LO P3 Assuming situation (a). prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. Complete this question by entering your answers in the tabs below. Fes ces Payroll Taxes Expense General Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places.) Tax Amount September earnings subject to tax Tax Rate Employer Payroll taxes 0.00 Next > 16 of 15 Drov

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 69E

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