Question: need help on the general jounral entry part !!! Required information [The following information applies to the questions displayed below.] BMX Company has one employee.
![following information applies to the questions displayed below.] BMX Company has one](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/09/66eab4ed738a5_77366eab4ed03e5a.jpg)
Required information [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $132,900 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 the employer's payroll taxes expense and its elated liabilities. Answer is not complete. Complete this question by entering your answers in the tabs below. Compute the payroll taxes expense. Note: Round your answers to 2 decimal places. BMX Cor mny has one employee. FICA Social Security taxes are 6.2% of the first $132,900 paid to its employee, and FICA MeL re 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. ssuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its lated liabilities. Complete this question by entering your answers in the tabs below. Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related llabilities. Note: Round your answers to 2 decimal places. Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related liabilities. Note Enter debits before credits
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