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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 $6\mathrm{.}2\%$ of the first $$137\mathrm{.}700$ paid to its employee, and FICA

Medicare taxes are $1\mathrm{.}45\%$ of gross pay. For BMX$,$ its FUTA taxes are $0\mathrm{.}6\%$ and SUTA taxes are $5\mathrm{.}4\%$ of the first $$7,000$ paid

to its employee.

Exercise $9-8($Algo$)$ Payroll$-$related journal entries LO P$2$

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 $$90$ for this pay period.

Complete this question by entering your answers in the tabs below.

The employee's federal income taxes witheld by the employer are $$90$ for this pay period. Assuming situation $($a$),$ compute

the taxes to be withheld from gross pay for this employee.

Note: Round your answers to $2$ decimal places.