1 1o 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 62% of the first $128.400 paid to its employee, and FICA Medicare taxes are 145% of gross pay. For BMX Its FUTA taxes are 06% and SUTA taxes are 5,4% of the first $7,000 paid to its employee Gross Pay through August 31 55.6ee 2.550 123,200 Gross Pay for September $1.See 2.650 9.100 Exercise 9-5 Computing payroll taxes LO P2, P3 Compute BMX s amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (2). (b), and (9 (Round your answers to 2 decimal places.) Required information Answer is complete and correct. 1 of 3 Tax Tax Rate September Earnings Subject to Tax S 1,500.00 Tax Amount 6.20% 93.00 FICA-Social Security FICA--Medicare FUTA 1,500.00 1,400.00 1,400.00 1.45% 0.60% 5.40% 21.75 8.40 SUTA 75.60 b) Tax Tax Rate Tax Amount September Earnings Subject to Tax 2,650.00 6.20% 164.30 1.45% 38.43 FICA-Social Security FICA-Medicare FUTA SUTA 2,650.00 2,650.00 2,650.00 0.60% 15.90 5.40% 143.10 c) Tax September Earnings Subject to Tax Tax Rate Tax Amount 5,200.00 6.20% $ 322.40 FICA-Social Security FICA-Medicare 9,100.00 1.45% 131.95 2 Exercise 9-6 Payroll-related journal entries LO P2 Assuming situation (m) prepare the employer's September 30 journal entries to record salary expense and its related payroll abilities for this employee. The employee's federal income taxes withheld by the employer are $90 for this pay period. 2 of Answer is not complete Complete this question by entering your answers in the tabs below. Taxes to be General Withheld From Journal Gross Pay The employee's federal Income taxes withheld by the employer are s90 for this pay period. Prepare the employer's September 30 journal entries to record salary expense and its related payroll liabilities for this employee. (Round your answers to 2 decimal places) No Date General Journal Debit Credit Payroll taxes expenso FICA-Medicare taxes payable FICA-Social security taxes payable Employee federal income taxes payable Accounts payable Taxes to be Withheld From Gross Pay General Joure 1 Sep 30 O Taxes to be General Withheld From Journal Gross Pay The employee's federal income taxes withheld by the employer are $90 for this pay pe from gross pay for this employee. (Round your answers to 2 decimal places.) Taxes to be Withheld From Gross Pay (Employee-Paid Taxes) September Tax Earnings Subject Tax Rate Amount to Tax Federal income tax $ 90.00 FICA-Social 1,500.00 6.20% 93.00 Security FICA-Medicare 1,500.00 1.45% 21.75 Total taxes withheld $ 204.75 $ Em Cross Pau Gene d Payroll Taxes Expense General Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places) Employer Payroll taxes September earnings subject to tax Tax Rate Tax Amount 0.00 Payroll Tunes Expense General Journal > 3 Assuming situation (w), prepare the employer's September 30 Journal entries to record the employer's payroll taxes expense and its related liabilities Answer is not complete. Complete this question by entering your answers in the tabs below. Payroll Taxes General Expense 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.) No Date General Journal Dobit Credit