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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.

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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. 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 pard to Its employee. xercise 9-8 (Algo) Payroll-related journal entries LO P2 ssuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for is 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. Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll llabilities this employee. The employee's federal income taxes withheld by the employer are $90 for this pay period. Answer is not complete. Complete this question by entering your answers in the tabs below. 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. (Round your answers to 2 decimal places.)

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