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Use the following information for the Exercises below. (Algo) Skip to question [The following information applies to the questions displayed below.] BMX Company has one

Use the following information for the Exercises below. (Algo)

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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 $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 paid to its employee.

Gross Pay through August 31 Gross Pay for September
a. $ 5,700 $ 1,800
b. 3,200 3,300
c. 132,600 9,200

Exercise 11-9 (Algo) Payroll-related journal entries LO P3

Assuming situation (a), prepare the employers September 30 journal entry to record the employers payroll taxes expense and its related liabilities.

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