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 6.2% of the first $137,700 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. b. C. Gross Pay through August 31 $ 5,400 2,900 132,300 Gross Pay for September $ 2,400 3,000 8,900 Exercise 9-7 (Algo) Computing payroll taxes LO P2, P3 Part 1 of 3 Exercise 9-7 (Algo) Computing payroll taxes LO P2, P3 8.5 points Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (c) (Round your answers to 2 decimal places.) Tax September Earnings Subject to Tax Tax Rate: Tax Amount eBook FICA-Social Security $ 2.400.00 6.20% $ 148.80 FICA-Medicare 2,400.00 1.45% 34.80 FUTA 0.60% H 5.40% SUTA b) As Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security $ 3,000.00 6.20% $ 186.00 FICA-Medicare 3,000.00 1.45% 43.50 Print FUTA 3,000.00 0.60% 18.00 SUTA 3,000.00 5.40% 162.00 References c) Tax: September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security $ 5,400.00 8.000.00 6.20% $ 1.45% 334.80 329.05! Part 2 of 3 8.25 points Book Required information 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. Taxes to be t Withheld From Gross Pay General Journal The employee's federal income taxes withheld by the employer are $90 for this pay period. Assuming situation (a), 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) Hint Federal income tax Ask FICA-Social Security FICA-Medicare Print References September Earnings Subject to Tax Tax Rate Tax Amount $ 90.00 6.20% 1.45% Taxes to be Wintald Pesti Br General Journal > Part 2 of 3 120 8.25 points Book Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payrol 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. Taxes to be Withheld From Gross Pay General Journal Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilitie this employee. The employee's federal income taxes withheld by the employer are $90 for this pay period. (Round your answers to decimal places.) Hint View transaction list View journal entry worksheet No Date General Journal Ask 1 September 30 Salaries expense Print References Employee federal income taxes payable FICA-Social security taxes payable FICA-Medicare taxes payable Salaries payable < Taxes to be withheld From Gross Pay Debit Credit Part 3 of 3 8:25 points Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Complete this question by entering your answers in the tabs below. eBook Payroll Taxes Expense General Journal Assuming situation (a), compute the payroll taxes expense. (Round your answers to 2 decimal places.) Employer Payroll taxes Hint FICA-Social Security FICA-Medicare Ask FUTA SUTA Print References September earnings subject to tax Tax Rate Tax Amount 6.20% 1.45% 0.60% 5.40% $ 0.00 General Journal > 8.25 points Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Book Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. (Round answers to 2 decimal places.) Hint View transaction list View journal entry worksheet No Date General Journal Ask 1 September 30 Payroll taxes expense Print References FICA--Social security taxes payable FICA-Medicare taxes payable Federal unemployment taxes payable State unemployment taxes payable