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. FCA 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 06% and SUTA taxes are 54% of the first $7,000 paid to its employee Exercise 9-8 (Algo) Payroll-related journal entries LO P2 Assuming situation (b), prepare the employer's September 30 joumal entry 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. The employe's federal income taxes withheld by the employer are 580 for this pay period. Assuming situation (a), compute the taxes to be withheld from gross pary for this employee. Note: fround your answers to 2 decimal places. Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for this employoe. The employee's federal income taxes withheld by the employer are $80 for this pay period. Note: Round your answers to 2 dedmal 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. Wote: Enter debits before credits