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BMX Company has one employee. FICA Social Security taxes are 62% 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 62% 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. Assuming situation (x), prepare the employer's September 30 journal entries to record the empioyer's payroll taxes expense and its related liabilities. Complete this question by entering your answers in the tabs below. Compute the payroll toxes expense. (Round your answers to 2 decimal places. Complete this question by entering your answers in the tabs below. Prepare the employer's September 30 foumal entrios to record the employer's payroll taxes expense and lts related liabilities. (Round youn answers to 2 decimal places.) Journal entry worksheet Record the employer's September 30 payrol taxes expense and its related liabilities. Woknt F Piter debits bethote trodits BMX Company has one employee. FICA Social Security taxes are 62% 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. Assuming situation (x), prepare the employer's September 30 journal entries to record the empioyer's payroll taxes expense and its related liabilities. Complete this question by entering your answers in the tabs below. Compute the payroll toxes expense. (Round your answers to 2 decimal places. Complete this question by entering your answers in the tabs below. Prepare the employer's September 30 foumal entrios to record the employer's payroll taxes expense and lts related liabilities. (Round youn answers to 2 decimal places.) Journal entry worksheet Record the employer's September 30 payrol taxes expense and its related liabilities. Woknt F Piter debits bethote trodits

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