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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 $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 August 31 $6,500 2,200 122,500 Gross Pay for September $ 700 2,300 8,400 Assuming situation {a), prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and is related liabilities Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places) September earnings Employer Payroll taxes Tax Rate Tax Amount subject to tax General Journal > Required information Payroll Taxes Expense General Journal Prepare the employer's September 30 journal entries to record the employer's payroll taxis expense and its related abilities. (Round your answers to 2 decimal places) View transaction list Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related Itabilities Note tot dit before credits Debit Credit Date General Journal 5 30 E Next >

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