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BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700...

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Accounting

BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 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 Gross Pay for September
a. $ 5,300 $ 2,600
b.2,8002,900
c.132,2008,800Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its
related liabilities.
Complete this question by entering your answers in the tabs below.
Assuming situation (a), compute the payroll taxes expense.
Note: Round your answers to 2 decimal places.
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