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 $ 0,400 $ 800 2,000 2,100 122, 100 8,000 Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (@). (6), and (a. (Round your answers to 2 decimal places.) a) Tax September Earnings Subject to Tax $ 2.000.00 Tax Rate FICA-Social Security Tax Amount 148 80 6.20% $ Tax Rato Tax Amount 148.80 September Earnings Subject to Tax $ 2.400.00 2.400.00 1,600.00 1,600.00 FICA Social Security FICA-Medicare FUTA SUTA b) 34 80 6 20% $ 1.45% 0.60% 5.40% 9.60 86.40 Tax Tax Rato Tax Amount 6.20% $ 158.10 FICA-Social Security FICA-Medicare FUTA September Earnings Subject to Tax 2,550.00 2,550.00 2,550.00 2,550.00 1.45% 36.98 0.60% 15.30 SUTA 5.40% 137.70 c) Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare September Earnings Subject to Tax $ 5,400.00 8,900.00 6.20% $ 334.80 1.45% 129.05 RA 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 $ 6,400 $ 800 2,000 2,100 122, 100 8,000 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 $80 for this pay period. Complete this question by entering your answers in the tabs below. Taxes to be withheld From General Gross Pay Journal The employee's federal income taxes withheld by the employer are $80 for this pay period. Compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places) withheld From vineri Journal Gross Pay The employee's federal income taxes withheld by the employer are $80 for this pay period. Compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places.) Taxes to be Withheld From Gross Pay (Employoe Paid Taxus) September Earnings Tax Rate Tax Amount Subject to Tax Federal income tax $ 80.00 Taxes to be Wilheld From Gross Pay General Journal > 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.) Employer Payroll taxes September earnings subject to tax Tax Rate Tax Amount
