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Required information [The following information applies to the questions displayed below.] BMX Company has one employee. For 2020, FICA Social Security taxes are 6.2% of

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Required information [The following information applies to the questions displayed below.] BMX Company has one employee. For 2020, FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% of the first $7,000 and SUTA (State Unemployment) taxes are 3% of the first $8,500 paid to each employee. a. b. Gross Pay through August 31 $ 6,400 18,200 132,000 Gross Pay for September $ 800 2,100 8,000 c. Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (c). (Round your answers to 2 decimal places.) Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (c). (Round your answers to 2 decimal places.) a) | September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA b) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA c) | September Earnings Subject to Tax Tax Rate Tax Amount FICASocial Security FICA-Medicare FUTA SUTA Required Information [The following information applies to the questions displayed below.] BMX Company has one employee. For 2020, FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% of the first $7,000 and SUTA (State Unemployment) taxes are 3% of the first $8,500 paid to each employee. Gross Pay through August 31 $ 6,400 18,200 132,000 Gross Pay for September $ 800 2,100 8,000 b. 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 $80 for this pay period. Complete this question by entering your answers in the tabs below. Taxes to be General Withheld From Journal Gross Pay The employee's federal income taxes withheld by the employer are $80 for this pay period. Compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places.) Taxes to be Withheld From Gross Pay (Employee-Paid Taxes) September Earnings Tax Rate Tax Amount Subject to Tax Federal income tax Taxes to be Withheld From Gross Pay General Journal The employee's federal income taxes withheld by the employer are $80 for this pay period. Prepare the employe entries to record salary expense and its related payroll liabilities for this employee. (Round your answers to 2 de View transaction list Journal entry worksheet Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee. Note: Enter debits before credits. Date General Journal Debit Credit Sep 30 Record entry Clear entry View general journal

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