Business, 09.11.2020 16:40 MalikaJones

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 $7,000 paid to its employee.

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Answer from: shondi

Taxes to be withheld from Gross Pay (Employee - Paid Taxes)

September Earnings Tax Rate Tax Amount

Subject to Tax

Federal Income tax $80.00

FICA - Social Security 800 6.20% $49.60

FICA - Medicare 800 1.45% $11.60

Total $141.20

FICA - Social Security = 800 * 6.2% = $49.60

FICA - Medicare = 800 * 1.45% = $11.60

Date General Journal Debit Credit

Sep 30 Salaries Expense $800

Federal income tax payable $80

FICA taxes Payable - Social Security $49.60

FICA taxes Payable - Medicare $11.60

Salaries Payable $658.80

Salaries Payable = 800 - 80 - 49.60 - 11.60 = $658.80

BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $127,200 paid to its

Answer from: Quest

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

Answer from: Quest

the correct answer is d. wealthy colonists to take care of the less fortunate. hope this

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BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $127,200 paid to its...

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