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. 0. b. c. Gross Pay through August 31 $ 5,000 2,500 131,900 Gross Pay for September $2,100 2,600 8,500 ces Exercise 9-7 (Algo) Computing payroll taxes LO P2, P3 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.) September Earnings Tax Tax Rate Subject to Tax FICA-Social Security $ 2,100 00 6.20% $ Tax Amount 130.20 FICA-Medicare 2.100.00 1.45% 30.45 FUTA 0.60% SUTA 1,000 00 5 40% 54.00 b) Tax September Earnings Subject to Tax Tax Rate Tax Amount Next > B) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA Social Security $ 2,100.00 6.20% $ 130.20 FICA Medicare 2,100.00 1.45% 30.45 FUTA 0.60% SUTA 5.40% 54.00 b) September Earnings Tax Tax Rate Tax Amount Subject to Tax FICA-Social Security $ 2,600.00 6.20% $ 161.20 FICA-Medicare 2,600.00 1.45% 37.70 FUTA 2,600.00 0.60% 15.60 SUTA 2,600.00 5.40% 140.40 c) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA Exercise 9-8 (Algo) Payroll-related journal entries LO P2 Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities 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 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) Federal income tax September Earnings Subject to Tax Tax Rate Tax Amount $ 90.00 General Journal > 13 Required information Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's pay related liabilities. Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Assuming situation (a), compute the payroll taxes expense. (Round your answers to 2 decimal places.) Employer Payroll taxes September earnings subject to tax Tax Rate Tax Amount $ 0.00 Pay Taxes Expense General Journal > Required information Payroll Taxes Expense General Journal Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 Record the employer's September 30 payroll taxes expense and its related liabilities. Note: Enter debits before credits. Date September 30 General Journal Debit Credit Dem Br