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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%

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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% of gross pay. For BMX, ILS FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 pald to its employee Gross Pay through August 31 $ 5,300 2,800 127,400 Gross Pay for September $2,600 2,90 8,888 Assuming situation (a) prepare the employer's September 30 journal entry to record salary expense and its related payroll abilities for this employee. The employee's federal income taxes withheld by the employer are $70 for this pay period. Complete this question by entering your answers in the tabs below. Taxes to be General Withheld From Gross Day Journal The employee's federal income taxes with held by the employer are $70 for this pay period. Compute the taxes to be withheld from goss pay for this employee. Round your answers to 2 decimal places.) Taxes to be Withheld From Gross Pay Employee-Paid Taxes September Earnings Tax Rate Subjest to Tax Tax Amount Feders met 5 70.00 General 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 145% of gross pay. For BMX, Its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7.000 pald to its employee a. Gross Pay through August 31 $ 5,388 2,800 127,480 Gross Pay for September $2,600 2,980 8.800 b. Assuming situation (o) prepare the employer's September 30 journal entry to record salary expense and its related payroll Habilities for this employee. The employee's federal income taxes withheld by the employer are $70 for this pay period. Complete this question by entering your answers in the tabs below. Taxes to be General held From Journal Gross Pay The employee's federal income taxes with held by the employer are 570 for this pay period. Prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for this employee. Round your answer to 2 decimal places) Journal entry worksheet 1 Prepare the mover's september 30 journal art

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