Required information Use the following information for the Exercises below. (Algo) (The following information spplies to the questions displayed belov) BMX Company has one employee, FICA Social Security taxes are 6.2% of the first $137,700 pald 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 pald to its employee. Gross Pay through August 31 $ 5,700 3.200 132,600 Gross Pay for

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. \begin{tabular}{|l|l|l|l|l|} \hline No & Date & \multicolumn{1}{|c|}{ Ceneral Journal } & Debit & Credit \\ \hline & 1 & September 30 & Salaries expense \\ \hline & & FICA-Social security taxes payable \\ \hline & & FICA-Medicare taxes payable \\ \hline & & Employee federal income taxes payable & 1,800.00 \\ \hline & & Salaries pavable \\ \hline \end{tabular} 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. \begin{tabular}{|l|l|l|l|l|} \hline No & Date & \multicolumn{1}{|c|}{ Ceneral Journal } & Debit & Credit \\ \hline & 1 & September 30 & Salaries expense \\ \hline & & FICA-Social security taxes payable \\ \hline & & FICA-Medicare taxes payable \\ \hline & & Employee federal income taxes payable & 1,800.00 \\ \hline & & Salaries pavable \\ \hline \end{tabular}