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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

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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 $118,500 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 06% and SUTA taxes are 2.9% of the first $7,000 paid to its employee. Gross Pay September $6,400 18,200 112,200 s 800 2,100 8,000 kercise 9-7 Payroll-related journal entries LO P3 I entries to record the employer's payroll taxes expense and its suming situation a, prepare lated liabilities. (Round your answers to 2 decimal places.) September earnings subject to tax Tax Rate Tax Amount

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