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 $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. a. b. C. Gross Pay through Gross Pay for August 31 September $ 5,400 $ 2,400 2,900 3,000 132,300 8,900 Exercise 9-7 (Algo) Computing payroll taxes LO P2, P3 Part 1 of 3 Exercise 9-7 (Algo) Computing payroll taxes LO P2, P3 8.5 points 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 (a (Round your answers to 2 decimal places.) Tax eBook September Earnings Subject to Tax $ 2.400.00 2.400.00 FICA-Social Security FICA--Medicare FUTA SUTA b) Tax Rate Tax Amount 6.20% 5 148.80 145% 34.80 0.60% 5.40% Tax Tax Rate Tax Amount September Earnings Subject to Tax $ 3,000.00 6.20% 188.00 3.000.00 1.45% 4350 Print FICA Social Security FICA-Medicare FUTA SUTA c 0.60% 3.000.00 3.000.00 18.00 162.00 5.40% References Tax Tax Rate Tax Amount September Earnings Subject to Tax $ 5,400.00 FICA-Social Security 6.20% $ 334,80 Q 12151 12906 Required information Part 2013 Assuming studion (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 $90 for this pay period Complete this question by entering your answers in the tabs below. 825 port Book Taxes to be Withheld From General Gross Pay Journal The employee's federal income taxes withheld by the employer are $90 for this pay period. Assuming situation (?), compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places) Taxes to be Withhold From Crous Pay Employee-Pald Taxes September Earnings Tax Rate Tax Amount Subject to Tax Federal income tax $ FICA-Social Security 6 20% FICA Medicare 1.45% Hint 90.00 Ah General Journal > References Part 2 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 590 for this pay period. 8.25 Complete this question by entering your answers in the tabs below. points Taxes to be General withheld From Gross Pay Journal Assuming situation (?), prepare the employer's September 30 journal entry to record salary expense and its related payrolt abatie this employee. The employee's federal income taxes withheld by the employer are 590 for this pay period. (Round your answer to decimal places.) Book Hint Debit Credin As View transaction list View journal entry worksheet No Date General Journal 1 September 30 Salaries expense Employee federal income taxes payable FICA-Social security taxes payable FICA-Medicare taxes payable Salaries payable Print References ? References Assuming situation (a), prepare the employer's September 30 journal entry to record the employers payroll taxes expense and its related liabilities 8.25 points Complete this question by entering your answers in the tabs below. Book Payroll Taxes General Expense Journal Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related tobties. (Round answers to 2 decimal places.) View transaction list View journal entry worksheet Hint No Dobit Credit 1 Date General Journal September 30 Payroll acces expense FICA - Social security taxes payable FICA Medicare taxes payable Federal unemployment taxes payable State unemployment taxes payable Print References