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 $6\mathrm{.}2\%$ of the first $$137,700$ paid to its employee, and FICA

Medicare taxes are $1\mathrm{.}45\%$ of gross pay. For BMX$,$ its FUTA taxes are $0\mathrm{.}6\%$ and SUTA taxes are $5\mathrm{.}4\%$ of the first $$7,000$ paid

to its employee.

Exercise $9-8($Algo$)$ Payroll$-$related journal entries LO P$2$

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.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

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.

Note: Round your answers to $2$ decimal places.