Ch 9. Homework 2.5 LO 5 points elbook Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 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 Gross Pay for August 31 HM 56,400 2,700 e. 133,300 Print Beptember 1,700 3,000 9,900 Exercise 9-8 (Algo) Payroll-related journal entries LO P2 Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll abilities 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 Werned From Gross Pay General Journal The employer's federal income taxes withheld by the employer are $60 for this pay period. Assuming smuation (a) compute the taxes to be withheld from gross pay for this employee. (Round your answers bs 3 decimal places) Tasne to t Withheld From Gross Pay Empinyes Pala September Earings Subject to Tas Tax Hale Tax Amount Help Save & Exit Submit Check my work