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 31 Gross Payfor September

A. $ 5,9 00 a. $ 1,400

B. 3,400 b. 3,500

C.123,500 c. 9,400

Taxes to be Withheld From Gross Pay (Employee-Paid Taxes)
	September Earnings Subject to Tax	Tax Rate	Tax Amount
Federal income tax			$80.00
FICAMedicare
FICASocial Security

• Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee.