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Bmx company has one employee. fica social security taxes are 6.2% of the first $117,000 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 2.9% of the first $7,000 paid to its employee.
gross pay through august gross pay for september
a. $6,440 $805
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.)
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Bmx company has one employee. fica social security taxes are 6.2% of the first $117,000 paid to its...
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