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Required information [The following information applies to the questions displayed below) BMX Company 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 below) BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $127.200 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 3.1% and SUTA taxes are 2.9% of the first $7,000 paid to its employee. Gross Pay through August 31 $ 6,400 2,000 120,900 Gross Pay for September $ 800 2,100 8,000 b. Assuming situation a, prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. Complete this question by entering your answers in the tabs below. Employer General Payroll Taxes Journal Assuming situation a, calculate the employer's payroll taxes expense. (Round your answers to 2 decimal places.) Employer Payroll taxes September earnings Tax Rate subject to tax Tax Amount FICA-Social Security 800.00 6.20% s 49.60 FICA-Medicare 800.00 1.45% 11.60 FUTA 3.10% SUTA 2.90% Total Payroll Taxes Expenses 61.20 General Journal >

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