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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

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 $132,900 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.
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 for
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.
The employee's federal income taxes withheld by the employer are $90 for this pay period. Prepare the employer's September 30 journal
entry to record salary expense and its related payroll liabilities for this employee.
Note: Round your answers to 2 decimal places.
Journal entry worksheet
Prepare the employer's September 30 journal entry to record accrued salary
expense and its related payroll liabilities for this employee.
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