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A company has one employee. FICA Social Security taxes are 6.2% of the first $128.400 paid to its employee, and FICA Medicare taxes are 1.45%

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A company has one employee. FICA Social Security taxes are 6.2% of the first $128.400 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For the company, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7.000 paid to its employee. Gross Pay through Gross Pay for August 31 September $ 6,400 $1,700 b. 2,950 3,05e 124,000 9,900 a. Hasielated Poy Assuming situation (a), prepare the employer's September 30 journal entries to record salary expense for this employee. The employee's federal income taxes withheld by the employer are $60 for this pay period. 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 $60 for this pay period. Compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places) Taxes to be withhold From Gross Pay (Employee-Pald Taxos) September Earnings Bubject to Tx Tax Rate Tax Amount Federal income tax $ 80.00 FICA Medicare $ 9.900.00 POA Social Security Journal entry worksheet

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