Required information

Skip to question

[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					Gross Pay for September
a.		$	5,700				$	1,800
b.			2,600					2,700
c.			123,300					9,200

rev: 05_16_2019_QC_CS-168714

Assuming situation a, prepare the employers September 30 journal entries to record the employers payroll taxes expense and its related liabilities.