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 $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 Gross Pay for August 31 September $ 6,800 $ 700 b. 2,200 2,300 122,500 8,400 a. c. 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 $70 for this pay period. The employee's federal income taxes withheld by the employer are $70 for this pay period. Compute the taxes 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 Subject to Tax Tax Amount Federal income tax $ 70.00 Taxes to be Withheld From Gross Pay General Journal > Note: Enter debits before credits. Date General Journal Debit Credit Sep 30 Record entry Clear entry View general journal