Answer with explanation

#9 . Homework Che Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $118,500 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 06% and SUTA taxes are 29% of the first $7,000 paid to its employee s 6,300 20,800 114,890 $1, 809 3,900 9,800 b. Exercise 9-6 Payroll-related journal entries LO P2 , Assuming situation a. prepare the employer's September 30 journal entries 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. (Round your answers to 2 decimal places.) Taxes to be Withheld From Gross Pay (Employee Paid Taxes)