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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.

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 $ 5,000 2,500 131,900 Gross Pay for September $ 2,100 2,600 8,500 Exercise 9-9 (Algo) Payroll-related journal entries LO P3 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 Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. (Rour answers to 2 decimal places.) View transaction list View journal entry worksheet No Date General Journal 1 September 30 Payroll taxes expense FICA-Social security taxes payable FICA Medicare taxes payable Federal unemployment taxes payable State unemployment taxes payable Debit Credit 99.20 Payroll Taxes Expense General Journal 99.20 23.20

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