Part 1 of 2 Required information [The following information applies to the questions displayed below)...
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Accounting
Part 1 of 2 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 $127.200 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 3.1% and SUTA taxes are 2.9% of the first $7000 pald to its employee -- points 041054 Gross Pay through August 31 a. $ 6,400 b. 2,000 C. 120,900 Gross Pay for September $ 800 2,100 8,000 ellook Hint Print References Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (C) (Round your answers to 2 decimal places. Leave no cells blank.) Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a) (b), and () (Round your answers to 2 decimal places. Leave no cells blank.) Part 1 of 3 a) Tax September Earnings Subject to Tax Tax Rate Tax Amount 1 points 8 02:30:40 FICA Social Security FICA-Medicare FUTA SUTA b) eBook Tax September Earnings Subject to Tax Tax Rate Tax Amount Pant FICA Social Security FICA Medicare FUTA References SUTA Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA Social Security FICA Medicare FUTA SUTA 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 $80 for this pay period. Complete this question by entering your answers in the tabs below. Employee Paid Taxes General Journal Assurning situation a, calculate the employee paid taxes. The employee's federal income taxes withheld by the employer are $80 for this pay period. (Round your answers to 2 decimal places.) Taxes to be Withheld From Gross Pay (Employee-Paid Taxes) September Earnings Tax Rate Tax Amount Subject to Tax Federal income tax $ 80.00 Employee Pad Taxen General Journal > Journal entry worksheet oints Journal entry worksheet ats 04:38:14 Record the employer's September 30 payroll taxes expense and its related liabilities. eBook Hint Note: Enter debits before credits. Print Date General Journal Debit Credit eferences Sep 30 Record entry Clear entry View general journal






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