BMX Company has one employee. FCA 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 faxes are 5.4% of the first $7.000 paid to its employee. ompute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three eparate situations (a). (b), and ( c (Round your answers to 2 decimal places.) Required information [The following information applies to the questions displayed below] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first 5137,700 paid to its employee, and FICA Medicare taxes are 1.45% 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 tssuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for his employee. The employee's federal income taxes withheld by the employer are $80 for this pay period Complete this question by entering your answers in the tabs below. The employee's federal income taxes withheld by the employer are 580 for this pay period. Assuming situation (a), compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 dedimal places.) Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll fiabilities for this employee. The employee's federal income taxes withheld by the employer are 500 for this pay perlod. (Round your anowiss to 2 decimal places.) Journal entry worksheet Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee. Note: Enter debits before credils. BMX Company has one employee. FICA Social Security taxes are 6.2% of the first S137J00 paid to its employee, and FICA Medicare taxes are 1.45% 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 Assuming situabion (d), prepare the employer's September 30 joumal entry to record the employer's payroll taxes expense and its related liabilities. Complete this question by entering your answers in the tabs below. Assuming situation (a), compute the payroll taxes expense. (Round your answers to 2 decimal places.) Assuming situation (d), prepare the employer's September 30 joumal entry to record the employer's payroll taxes expense and its: related liabilities. Complete this question by entering your answers in the tabs below. Prepare the employer's September 30 joumal entry to record the employer's payroll taxes expense and ita related liabilities. (Round your answers to 2 decimal places.) Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related liabilities. Note: Enter debits before crodits
