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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 Comparry has one employec.

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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 Comparry has one employec. FICA Social Security taxes are 6.2% of the first $137700 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 9-8 (Algo) Payroll-related journal entries LO P2 Assuming situation (o), prepore 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. The employees feseral income tarres wathhela by the employer are 180 for this pay penod. Assuming situation (a), compute the taxes to be withheld from gross pay for this emploree, (Round your answers to 2 decimol places ) 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 with eld by the employer are $80 for this pay period. Complete this question by entering your answers in the tabs below. The employce'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.) Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilitics for this employee. The employee's federal income taxes withheld by the employer are $80 for this pay period. (Round your answers to 2 decimal places.) Journal entry worksheet Prepare the employer's September 30 joumal entry to record accrued salary expense and its related payroll liabilities for this employee. Notel Enter debits before credits

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