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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

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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 $ 5,400 Gross Pay for September $2,400 3,000 a. h 19,100 113,100 8.900 Compute BMX's amounts for each separate situations (a), (b), and (c). (Round your answers to 2 decimal places.) these four taxes as applied to the employee's gross eamings for September under each of three September Earnings Subject to Tax Tax Tax Amount Tax Rate FICA-Social Security FICA-Medicare FUTA SUTA b) September Eamings Subject to Tax Tax Tax Amount Tax Rate FICA-Secial Security Required infomation optember Eamings Tax Amount Tax Rate Subject to Tax FICA Social Security FICA Medicare FUTA SUTA September Eamings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA September Earnings Subject to Tax Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA 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 $ 5,400 19,100 113,100 Gross Pay for September $2,400 3,000 8,900 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 $90 for this pay period. (Round your answers to 2 decimal places.) Taxes to be Withheld From Gross Pay (Employee-Paid Taxes) September Earnings Subject to Tax Tax Rate Tax Amount Federal income tax 90 00 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 $ 5,400 19,100 113,100 Gross Pay for September $2,400 3,000 8,900 C. Assuming situation a, prepare the employer's September 30 journal entries related liabilities. (Round your answers to 2 decimal places.) to record the employer's payroll taxes expense and its September earnings subject to tax Employer Payroll taxes Tax Rate Tax Amount 000 W

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