The employee's federal income taxes withheld by the employor are $240 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.) Use the following information for the Exercises below. [The following information applies to the questions displayed below] DYR Company has one employee. FICA Social Security taxes are 6.2% of the first $160,200 paid to each employee, and FICA Medicare taxes are 1.45\% of gross pay. For DYR, its FUTA taxes are 0.6% of the first $7,000 and SUTA taxes are 3.0% of the first $8.500 paid to each employee. 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 hiabiities for this employee. The employee's federal income taxes withheid by the employer are $240 for this pay period