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[The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid

[The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 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. Gross Pay through August 31 Gross Pay for September a. $ 5,100 $ 2,200 b. 2,300 2,400 c. 122,700 8,600 rev: 05_16_2019_QC_CS-168714 Exercise 11-6 Payroll-related journal entries LO P2 Assuming situation (a), prepare the employers September 30 journal entries to record salary expense and its related payroll liabilities for this employee. The employees federal income taxes withheld by the employer are $80 for this pay period. The employees federal income taxes withheld by the employer are $80 for this pay period. Compute the taxes to be withheld from gross pay for this employee. Compute the payroll taxes expense. (Round your answers to 2 decimal places.) Prepare the employers September 30 journal entries to record the employers payroll taxes expense and its related liabilities.

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