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Required information [The following information applies to the questions displayed beiow] BMX Compeny has one employee. FICA Social Security taxes are 6.2% of the first

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Required information [The following information applies to the questions displayed beiow] BMX Compeny has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its. FUTA toxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Assuming situation (a). prepare the employer's September 30 joumal entry to record salary expense and its related payrour liabilities for his 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

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