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BMX Company has one employee. FICA Social Security taxes are 62% of the first $137700...

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BMX Company has one employee. FICA Social Security taxes are 62% of the first $137700 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 57,000 paid to its employee. Exercise 11-8 (Static) Payroll-related journal entries LO P2 Assuming situation (d), prepare the employer's September 30 journal entry to record solary expense and its related payroil ilabilities for this employee. The employee's federal income taxes withheld by the employer are $80 for this pay period. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Aosuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll Habifties for this employee. The amployee's federal income taxes withheld by the employer are s80 for this pay pariod. (Alound your answers to 2 decimal places.)

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