! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 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. a Gross Pay through August 31 $ 5,300 2,800 132,200 Gross Pay for September $ 2,600 2,900 8,800 b. C. Exercise 9-7 (Algo) Computing payroll taxes LO P2, P3 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 (a), (b), and (C). (Round your answers to 2 decimal places.) a) Tax Tax Rate Tax Amount September Earnings Subject to Tax $ 2,600.00 FICASocial Security 6.20% $ 161.20 ! Required information a) Tax Tax Rate Tax Amount FICA-Social Security September Earnings Subject to Tax $ 2,600.00 2,600.00 6.20% $ 161.20 FICA-Medicare 1.45% 37.70 FUTA 0.60% SUTA 5.40% b) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICASocial Security FICAMedicare s FUTA SUTA c) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICASocial Security FICAMedicare FUTA 0 SUTA 0 S Required information Taxes to be General Withheld From Journal Gross Pay Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for this employee. The employee's federal income taxes withheld by the employer are $70 for this pay period. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee. Note: Enter debits before credits. Date General Journal Debit Credit September 30 Required information Taxes to be General Withheld From Journal Gross Pay Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for this employee. The employee's federal income taxes withheld by the employer are $70 for this pay period. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee. Note: Enter debits before credits. Date General Journal Debit Credit September 30 Required information View transaction list Journal entry worksheet