Required information Use the following Information for the Exercises below. The following information applies to...
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Required information Use the following Information for the Exercises below. The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128.400 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 $ 5.600 2.55e 123,280 Gross Pay for September $1. See 2.65e 9, 10e c. Exercise 9.7 Payroll-related Journal entries LO P3 Assuming situation (a). prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related liabilities, Note: Enter debits before credits 1 General Journal Debit Credit Date Sep 30 Record entry Clear entry View general Journal
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