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! Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] BMX Company has one employee.

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! Required information Use the following information for the Exercises below. [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. a. Gross Pay through August 31 $ 5,500 2,500 123,100 Gross Pay for September $2,300 2,600 9,000 b. C. Exercise 9-6 Payroll-related journal entries LO P2 Complete this question by entering your answers in the tabs below. Taxes to be Withheld From Gross Pay General 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.). Taxes to be Withheld From Gross Pay (Employee-Paid Taxes) September Earnings Tax Rate Tax Amount Subject to Tax Federal income tax $ 80.00 FICASocial Security $ 2,300.00 6.20% 142.60 FICAMedicare 2,300.00 1.45% 33.35 Total taxes withheld $ 255.95 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 General Withheld From Journal Gross Pay . .................. The employee's federal income taxes withheld by the employer are $80 for this pay period. Prepare the employer's September 30 journal entries to record salary expense and its related payroll liabilities for this employee. (Round your answers to 2 decimal places.). ******* EEEEEEEEEEE View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Sep 30 2,300.00 142.60 Salaries expense FICA-Social security taxes payable FICA-Medicare taxes payable Employee federal income taxes payable Salaries payable 33.35

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