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please help me Use the following information for the Exercises below. (Algo) [The following information apptes to the questions displayed below] BMX Company has one

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Use the following information for the Exercises below. (Algo) [The following information apptes to the questions displayed below] BMX Company has one employee. FCA Social Security taxes are 6.2% of the first $132,900 pald to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, 1ts FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Exercise 9.8 (Algo) Payroll-related journal entries LO P2 Assuming stuanion (o) prepare the employer's September 30 journal entry to record salary expense and its related payroll liablities for this employee. The employee's federal income taxes with eld by the employer are $70 for this pay period. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. The employee's federal income taxes withbeld by the employer are $70 for this pay period. Compute the taxes to bo withineld from gross pay for this employee. Notei Round your answers to 2 decimal places. Use the following information for the Exercises below. (Algo) [The following information opplies to the questions displayed below] BMX Company has one employee. FICA Social Securty taxes are 6.2% of the first $132,900 paid to lis employee, and FICA Nedicare 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. Exercise 9.8 (Algo) Payroll-related journal entries LO P2 Assuming situation (d. prepare the employer's september 30 journal entry to record salary expense and its related paytoll liabilities for this employee. The employee's federal income taxes withheld by the employer are $70 for this pay period. (*) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. The employees federal income taxes withbeld by the employer are 370 for chan pay period, preparc the arrployers septamber Notei Round your answers to 2 decimal places

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