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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 $128.400 pold 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 $7000 paid to its employee Gross Pay through Gross Pay for August 31 September $5,000 2,250 122.600 $2,100 2,350 8,500 Exercise 9-7 Payroll-related journal entries LO P3 Assuming situation (), prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities Exercise 9-7 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 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Payroll Taxes General Expense Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places.) Employer Payroll taxes September earnings subject to tax Tax Rate Tax Amount FICA Social Security 2.100,00 20% 130.20 FICA Medicare 2.100,00 1.45% 30.45 FUTA 2,350,00 0,60% 14.10 SUTA 7.000.00 0,60% 42.00 Total Payroll Taxes Expenso 216.75 Payroll Taxus Lupa General Journal >

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