View History Bookmarks People Window Help Order 181633 (Revised) 2 Speech x a Ex
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View History Bookmarks People Window Help Order 181633 (Revised) 2 Speech x a Explori x N 1 (no sub × Untitled x a connec x G solved x iv Exam 2 x " Order 1x L My Driv x Net #x × s://newconnect.mheducation.com/flow/connect.html . Help Saved 0 Required information Use the following information for the Exercises below. The following information applies to the questions displayed below MX Company has one employee FICA Social Security taxes are 6.2% of the first $118,500 alat Semployee, and FICA Medicare taxes are 1.45% of gross pay. For BMX its FUTA taxes are 06% and SUTA taxes are2.9% of the first S7,000paid. to its employee. August 6,400 18,200 12,200 September $800 , 100 8,000Explanation / Answer
Taxes to be Withheld From Gross Pay (Employee-Paid Taxes) September Earnings Subject to Tax Tax Rate Tax Amount Federal income tax $80.00 FICA—Social Security $800.00 6.20% $49.60 FICA—Medicare 800 1.45% $11.60 Total taxes withheld 141.2 Date General Journal Debit Credit 30-Sep Salaries expense 800 FICA—Social Security taxes payable 49.6 FICA—Medicare taxes payable 11.6 Employee federal income taxes payable 80 Salaries payable 658.8
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