Micterm 3 Part B (Ch. 7-9) 6 The following information applies to the questions displayed below 2 BMX Company has one employee FICA Social Security taxes are 6 2% of the rirst $118,500 paid to its employee, and RA Medicare taxes are 1 45% of gross pay. For BMX, its FUTA taxes are 0 6% and SUTA taxes are 2.9% of the first $7,000 paid t Part 2 of 2 Gross Pay Gross Pay for 18,380 112,300 $ 980 2,209 8,100 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 $90 for this pay period. (Round your answers to 2 decimal places) Taxes to be Withheld From Gross Pay (E 90.00 Prev 2 of 14Next > ere to search