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TThe following information applles to the questions displayed below] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137700 paid

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TThe following information applles 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. Assuming situation ( a), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabini this employee. The employee's federal income taxes withheld by the employer are $90 for this pay period. Complete this questlon by antertng your answars in the tabs balow. The employee's federal income taxes withheld by the employer are $90 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 pleces.) BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137700 paid to its employec, 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. Issuming situation (), prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for his employee. The employee's federal income taxes withheld by the employer are $90 for this pay period. Assuming situstion (o). prepare the employer's September 30 journal entry to rocord salary expanse and its reloted payroli liabilitios for this employee. The employee's federal income toxes withheld by the employer ore $90 for this poy period. (flound your answerts to 2 decimal places.) Journal entry worksheet Prepare the employer's September 30 joumal entry to record acerued salary expense and its related payroll liabilities for this employee

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