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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137700 paid to its employee, and FCA. Medicare taxes are 1.45% of gross pay. For EMX its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Exercise 9-7 (Algo) Computing payroll taxes LO P2, P3 Compute EMX's amounts for each of these four taxes as opplied to the employee's pross earnings for September under each of three separate stuations (a). (b) and (d). Note: Round your answers to 2 decimal places. Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] 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. Exercise 9-8 (Algo) Payroll-related journal entries LO P2 Assuming situation (a), prepare the employer's September 30 joumal entry to record salary expense and its related payroll liabulies for this employee. The employee's federal income taxes witheld by the employer are $80 for this pay period. Complete this question by entering your answers in the tabs below. The employee's federal income taxes withheld by the employer are $80 for this par period. Assuming situation (a), compute the taxes to be withheld from gross pay for this employee. Note: Round vour answers to 2 decimal places. Required information Use the following information for the Exercises below. (Algo) [The following information opplies to the questions displayed below] 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. Exercise 9-9 (Algo) Payroll-related journal entries LO P3 Assuming 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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