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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 0.6% and SUTA taxes are 2.9% of the first $7,000 paid to its employee Gross Pay Gross Pay for through August September $ 6,600 $ 500 18,400 2,300 8,200 a. b. C. 112,400 Exercise 11-7 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.) Answer is not complete. No Date 1 Debit Sep 30 Credit General Journal Payroll taxes expense FICA-Social sec. taxes payable FICA-Medicare taxes payable Federal unemployment taxes payablo State unemployment taxes payable 31.00 X 2.40 7.25 52.25 7.25 X

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