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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%

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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% 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. Grass Pay through August 31 September $ 6, 10e $1,400 2,800 2,9ee 123,7ee 9,6ee Gross Pay for b C. Assuming situation (a). prepare the employer's September 30 journal entries to record salary expense and its related payroll fiabilities 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. Journal Taxes to be withheld From General Gross Pay 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. (Round your answers to 2 decimal places.) Taxes to be Withheld From Gross Pay (Employee-Paid Taxes) September Earnings Subject to Tax Tax Rate Tax Amount Federal income tax $ 90.00 The employee's federal income taxes withheld by the employer are $90 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 placen.) View transaction list Journal entry worksheet

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