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BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $127,200 paid to its and FICA Medicare taxes are 1.45% of

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BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $127,200 paid to its and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 31% and SUTA taxes are 2.9% of the first $7,000 paid to its employee. Gross Pay for September $1,800 3,900 9,880 ss Pay t August 31 1,708 Exercise 9-6 Payroll-related journal entries LO P2 ense and its related payroll labilities on a for this employee. The employee's federal income taxes withheld by the employer are $90 for this pay period. Complete this question by entering your answers in the tabs below Taxes

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