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 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. Gross Pay through August 31 $ 6,600 2,10e 122,300 Gross Pay for September $ 500 2,200 a. 8,200 nt Exercise 9-5 Computing payroll taxes LO P2, P3 ences Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a). (b), and (c). (Round your answers to 2 decimal places.) a) September Eanings Subject to Tax 500.00 x Rate Tax Amount Tax 6.20% S 31.00 FICA Social Security 500.00 1.45% 7 25 FICA-Medicare 400.00 0.60% 2.40 FUTA SUTA 400.00 5.40% 21.60 b) September Earnings Tax Rate Tax Amount 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 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. Gross Pay through August 31 $ 6,600 2,100 122,300 Gross Pay for September $ 5ee 2,200 8,200 a. b. C. Exercise 9-6 Payroll-related journal entries LO P2 Assuming situation (a), prepare the employer's September 30 journal entries to record salary expense and its related payroll liabilities for this employee. The employee's federal income taxes withheld by the employer are $80 for this pay period Complete this question by entering your answers in the tabs below. Taxes to be Withheld From Gross Pay General Journal The employee's federal income taxes withheld by the employer are $80 for this pay period. Prepare the employer's September 30 journal entries to record salary expense and its related payroll liabilities for this employee. (Round your answers to 2 decimal places.) View journal entry worksheet View transaction list Debit Credit General Journal No Date 700 00 Sep 30 Salaries expense 79 608 00 pavable