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Could you explain how to do it? 5 Required information Part 3 of 3 (The following information applies to the questions displayed below.) BMX Company

image text in transcribedimage text in transcribedCould you explain how to do it?

5 Required information Part 3 of 3 (The following information applies to the questions displayed below.) BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $132,900 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. 1 points Skipped a. b. Gross Pay through August 31 $ 5,700 3,200 127,800 Gross Pay for September $1,800 3,300 9,200 eBook Hint Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Print Complete this question by entering your answers in the tabs below. References Payroll Taxes Expense General Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places.) Employer Payroll taxes September earnings subject to tax Tax Rate Tax Amount $ 0.00 Payroll Taxes Expense General Journal > 5 Part 3 of 3 Required Information [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $132,900 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. 1 points Skipped Gross Pay through August 31 $ 5.709 3,200 127,800 Gross Pay for September $1,800 3,300 9.200 b. ebook Assuming situation (a). prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities Hint Complete this question by entering your answers in the tabs below. Print References Payroll Taxes General Expense Journal Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places.) View transaction lit Journal entry worksheet

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