Question: Hi, please help with the question below. Make sure you read through these requirements before answer the question: 1. Answer the question exactly follow the
Hi, please help with the question below. Make sure you read through these requirements before answer the question:
1. Answer the question exactly follow the chart that I provided below
2. Only answer the question in case you can make sure you will answer them all.
3. Provide solutions to how you get these answers. Thank you.


BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $117,000 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 2.9% of the first $7,000 paid to its employee. Gross Pay through August $ 6,400 Gross Pay for September $ 800 Prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places.) Employer Payroll taxes September earnings subject to tax Tax Rate Tax Amount 0.00 View transaction list Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related liabilities. Note: Enter debits before credits. Date General Journal Debit Credit Sep 30 Record entry Clear entry View general journal
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