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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. 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 (a), (b), and ( c ). (Round your answers to 2 decimal places.) Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related poyroll liabilities his 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. Assuming situation (a), compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places.) Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and elated liablities. Complete this question by entering your answers in the tabs below. Assuming situation (a), compute the payroll taxes expense. (Round your answers to 2 decimal places.) Assuming situation (a), prepare the employer's September 30 journal entry to record the empioyer's payroll taxes expense and i related liablities. Complete this question by entering your answers in the tabs below. Assuming situation (a), compute the payroll taxes expense. (Round your answers to 2 decimal places.) Prepare the employer's September 30 joumal entry to record the employer's payroll taxes expense and its related liabilities. (Round you answers to 2 decimal places.) Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related liablities. Nota: Cfiter debils tefore crestis

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