saved Requlred 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 pald to its employee. Gross Pay through August 31 Gross Pay for September BI m D c. 132, 128 2009 Exercise 11-7 (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 (0. (Round your answers to 2 decimal places.) a September Earnings Subject to Tax X Rate Tax Amount FICASocial Security of 3 FICA-Medicare FUTA SUTA Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA c) September Earnings Subject to Tax Tax Rate Tax Amount Tax FICA-Social Security FICA-Medicare FUTA SUTA oli 2- ake Home i saved ! 12 Required Information Use the following information for the Exercises below. (Algo) [The following inforniation applies to the questions displayed below.] Part 2 of 3 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 pald to its employee. a. Gross Pay through August 31 55,589 3,000 132 488 Gross Day For September $2,389 3 189 9.ee Exercise 11-8 (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. (Algo) Payroll-related journal entries LO P2 2 Assuming situation (a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilitles for this employee. The employee's federal Income taxes withheld by the employer are $80 for this pay period. of 3 Complete this question by entering your answers in the tabs below. Taxes to be Withheld From Gross Pay General Journal 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-Paid Taxes) September Earnings Subject to Tax Tax Rate Tax Amount Federal income tak 8000 General Journal V View transaction list Part 2 of 3 Journal entry worksheet 1 Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee. Note: Enter cebits before credits. Date General Journal Debit Credit september 20 Recorder ce New emeral ournal