2 Check my work 125 points Required information Use the following Information for the Exercises below. (Algo) The following information applies to the questions displayed below) BMX Company has one employee, FICA Social Security taxes are 6.2% of the first $137700 paid to its employee, and FICA Medicare taxes are 145% 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 Gree Pay through a ray for 31 September $ 5,700 31,800 b. 3,200 3,300 132.600 9.200 40 Exercise 9-8 (Algo) Payroll-related journal entries LO P2 Assuming stational prepare the employer's September 30 journal entry to record y expense and its related payroll for this employee. The employee's federal income taxes withheld by the employer are $70 for this pay period Complete this question by entering your answers in the tabs below. Tave to be General Withheld From Gross Pay Journal The employees federal income taxes withheld by the employer are $70 for this pay period. Assuming tuation (a), compute the wes to be withheld from gross pay for this employee. (Round your answer to a decimal places Tens to be held From Gross Pay Employee Paides) Check my work trees Pay through Amt 31 9.5.700 3,200 132,600 Gross Pay far Heptember $ 1,800 3,300 9,200 Exercise 9-8 (Algo) Payroll-related journal entries LO P2 Assuming station (al prepare the employer's September 30 journal entry to record salary expense and is related payroll abilities for this employee. The employee's federal income taxes withheld by the employer are $70 for this pay period. Complete this question by entering your answers in the tabs below. Taxes to be withheld From General Journal Gross Pay The employee's federal income taxes withheld by the employer are $70 for this pay period. Assuming situation (a), compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places) Taxes to be Withheld From Grone Pay (Employee-Pald Texas) September Earnings Subject to T Tax Rate Tax Amount Federal income tax 70.00 PHICA Medicare $ 1,700.00 1.46% 24.66 FICA Social Security 1,700.00 6 20% 105.40 Total taxes withold 3 200.05 General Journal > Exercise 9-8 (Algo) Payroll-related journal entries LO P2 Assuming situation (). prepare the employer's September 30 journal entry to record salary expense and its related payrollabilities for this employee. The employee's federal income taxes withheld by the employer are $70 for this pay period. Complete this question by entering your answers in the tabs below. Taxes to be withheld From General Journal Gross Pay Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for this employee. The employee's federal Income taxes withheld by the employer are $70 for this pay period. (Round your answers to 2 dedmal places.) View transaction list View Journal entry worksheet No Date General Journal Debit Credit 2 1 170.40 September 30 Payroll taxes expense FICA Medicare taxes payable FICA - Social security taxes payable Federal unemployment taxes payable State unemployment taxes payable 23.20 99.20 4.80 43 20