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BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137700 paid to its employee and FICA Medicare taxes are 145%

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BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137700 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 paid to its employee Gross Pay through Gross Pay for August 31 September $5,500 $ 2,300 3,000 3,100 132,400 9,000 Complete this question by entering your answers in the tabs below. Taxes to be General Withheld From Journal Gross Pay The employee's federal income taxes withheld by the employer are $80 for this pay period. Assuming situation (a), 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 Eamings Tax Rato Tax Amount Subject to Tax Federal income tax 80.00 $ General Journal Journal entry worksheet

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