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BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $132,900 paid to its employee, and FICA Medicare taxes are 1.45%

BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $132,900 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.

Gross Pay through August 31Gross Pay for Septembera.$ 5,600$ 1,500b.3,1003,200c.127,7009,100

image text in transcribedimage text in transcribed Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities fo his 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. The employee's federal income taxes withheld by the employer are $90 for this pay period. Compute the taxes to be withheld from gross pay for this employee. Note: Round your answers to 2 decimal places. The employee's federal income taxes withheld by the employer are $90 for this pay period. Prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for this employee. Note: Round your answers 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 credits

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