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BMX 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%

BMX 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 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.$5,900$1,400b.2,7002,800c.123,5009,400

Assumingsituation(a), prepare the employer's September 30 journal entries to record salary expense and its related payroll liabilities for this employee. The employee's federal income taxes withheld by the employer are $80 for this pay period.

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Complete this question by entering your answers in the tabs below. Taxes to be . General 1llllthheld From Journal Gross Pay The employee's federal income taxes withheld by the employer are $81!] for this pasr period. Compute the taxes to be withheld from gross pay for this employee. {Round 1your answers to 2 decimal places.) Federal income la): FICASocial Emmy 0 0 1,000.00 9 FICAMedicare 0 1,000.00 9 1.45% 0 Total [axes withheld 35 225.35 Complete this question by entering your answers in the labs below. Taxes to be Withheld From The employee's federal inoome taxes withheld by me employer are $80 for this pay' period. Prepare the employer's September 30 journal entries to record salary expense and its related payroll liabilities for this employee. [Round your answers to 2 decimal places.) FICASocial security taxes payable FICAMedicare taxes payable Employee federal' Income taxes payable 1,5?4.55 9

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