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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 $118,500 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 2.9% of the first $7,000 paid to its employee Gross Pay through August $ 6,600 18,400 112,400 Gross Pay for September $ 500 2,300 8,200 b. Assuming situation a, prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places.) Employer Payroll taxes Tax Rate Tax Amount September earnings subject to tax 6,600.00 FICA Social Security FICA Medicare FUTA SUTA $ 0.00 View transaction list View journal entry worksheet NO Date General Journal Credit Debit 62.25 1 Sep 30 Salaries expense FICA-Social sec, taxes payable FICA-Medicare taxes payable Employee fed. inc. taxes payable Salarios payable 31.00 725 240 21.60 >S

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