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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 RCA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 06% and SUTA taxes are 2.9% of the first SZ000 paid to its employee Gross Pay for Gross Pay through August $ 6,300 $1,800 3,900 9, 800 a. 20,000 C. 114,000 Exercise 9-7 Payroll-related journal entries LO P3 Assuming situation a, prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places) vces September earnings ployer Payroll taxes Tax Rate Tax Amount tax View transaction list Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related Note: Enter debits before credits Sep 30 2 3 4 6

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