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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 Company has one employee.

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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 Company has one employee. FICA 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 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Grons Pay through August 31 $ 6,200 2,200 133, 100 Grons Pay for September $1,600 2,300 9,700 Exercise 9-7 (Algo) Computing payroll taxes LO P2, P3 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 (0). (b), and (9. (Round your answers to 2 decimal places.) September Earnings Subject to Tax Tax Tax Rate Tax Amount DUGIGLE CLOUD TOITU. CIC. INVIU vui olimeras & VELITI MIELES Required information Tax September Earnings Subject to Tax Tax Rate Tax Amount 013 FICA-Social Security FICA-Medicare FUTA SUTA ped Tax September Earnings Subject to Tax Tax Rate Tax Amount ok FICA Social Security nt FICA-Medicare FUTA SUTA ht c) ences Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA 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 $80 for this pay period. Complete this question by entering your answers in the tabs below. Taxes to be General withheld From Journal Gross Pay The employee's federal income taxes withheld by the employer are $80 for this pay period. Assuming situation (a), compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places.) Taxes to be Withheld From Gross Pay (Employee-Pald Taxes) September Earnings Tax Rate Tax Amount Subject to Tax Federal income tax $ 80.00 Generaliloul> Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expen related liabilities Complete this question by entering your answers in the tabs below. Payroll Taxes General Expense Journal Assuming situation (a), compute the payroll taxes expense. (Round your answers to 2 decimal places.) Employer Payroll taxes September earnings subject to tax Tax Amount Tax Rate Payroll Taxes Expense General Journal > Journal entry worksheet 1 Record the employer's September 30 payroll taxes expense and its related liabilities. Note: Enter debits before credits. Date General Journal Debit Credit September 30 & Record entry Clear entry View general journal

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