Bmx company has one employee Fica Social Security taxes....

Help Save & Exit Submit Check my work Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) 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 $ 6,400 2.950 124,000 Gross Pay for September $1,700 3,050 9.900 Exercise 9-5 Computing payroll taxes LO P2, P3 Compute BMX's amounts for each of these four taxes as applied to the employee's gross dinings for September under each of three separate situations (.) and (. (Round your answers to 2 decimal places.) September Earnings Subject to Tax Tax Rate Tax Amount Tax FICA Social Security FICA-Medicare 1.45% FUTA SUTA 1 2 3 of 3 | Next > Required information separate situations (a). (6), and (@(Round your answers to 2 decimal places.) September Earnings Subject to Tax Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA Tax Rate 6.20% 1.45% Tax September Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA Medicare FUTA SUTA TE September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA FUTA SUTA Exercise 9-6 Payroll-related journal entries LO P2 Assuming situation (a), prepare the employer's September 30 journal entries to record salary expense and its related payroll liabilities for this employee. The employee's federal income taxes withheld by the employer are $60 for this pay period. 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 $60 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-Pald Taxes) September Earnings Subject to Tax Tax Rate Tax Amount Federal income tax 60.00 FICA Medicare $ 1.400.00 6.20% 86.80 FICA Social Security 1,400.00 1.45% 20.30 Total taxes withheld $ 167.10 General Journal General Journal > > Required information View transaction list Journal entry worksheet Prepare the employer's September 30 joumal entry to record accrued salary expense and its related payroll liabilities for this employee. Note: Enter debits before credits. Date Sep 30 General Journal Debit Record entry Clear entry View general Journal Taxes to be withheld From Gross Pay 2 of 3 Exercise 9-7 Payroll-related journal entries LO P3 Assuming situation (a), prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places.) September earnings subject to tax Tax Rate Employer Payroll taxes Tax Amount General Journal > 3 of 3