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Required information The following information applies to the questions displayed below.) 1 of 2 BMX Company has one employee, FICA Social Security taxes are 6.2%

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Required information The following information applies to the questions displayed below.) 1 of 2 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. Kipped Gross Pay through August $ 6.300 20,000 114,000 Grons Pay for September $1,800 3,900 9,800 int 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 Tax Rate Subject to Tax Tax Amount Federal income tax 90.00 ences art 1 of 2 View transaction list 56 its Journal entry worksheet Kipped Prepare the employer's September 30 journal entry to record the accrued salary expense and its related payroll liabilities for this employee. Book Note: Enter debits before credits Hint General Journal Debit Credit Date Sep 30 30 Record entry Clear entry View general journal

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