repare the employer's September 30 journal entries to record salary expense and its elated payroll liabilities for this employee. The employee's federal income taxes withheld by the employer are $80 for this pay period. (Round your answers to 2 ecimal places!

repare the employer's September 30 journal entries to record salary expense and its elated payroll liabilities for this employee. The employee's federal income taxes withheld by the employer are $80 for this pay period. (Round your answers to 2 ecimal places!

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 1PB

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Question

BMX Company has one employee. FICA Social Security taxes are 6.2% of the first
$117,000 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 2.9% of the first $7,000 paid to its
employee.
a.
Gross Pay through
August
$ 6,400
Gross Pay for
September
$ 800
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 $80 for this pay period. (Round your answers to 2
decimal places.)

View transaction list
Journal entry worksheet
<
1
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
Sep 30
Record entry
General Journal
Clear entry
Debit
Credit
View general journal

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