Question: Please answer all Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) BMX Company has

Please answer all  Please answer all 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 $128,400 paid to its employee, and FICA Medicare taxes are 1.45%
of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA

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 $128,400 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 Gross Pay for August 31 September $ 5,800 $1,400 2,650 2,750 123,400 9,300 b. Exercise 9-5 Computing payroll taxes LO P2, P3 Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (c). (Round your answers to 2 decimal places.) a) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA Social Security FICA-Medicare FUTA SUTA b) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA c) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA Social Security FICA Medicare FUTA SUTA Exercise 9-6 Payroll-related journal entries LO P2 Assuming situation (m), 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. Complete this question by entering your answers in the tabs below. Taxes to be General Withheld From Journal Gross Pay The employee's federal income taxes withheld by the employer are $90 for this pay period. Compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places.) Taxes to be Withheld From Gross Pay (Employee-Pald Taxes) September Earnings Tax Rato Tax Amount Subject to Tax Federal income tax $ 90.00 General Journal > 1 Prepare the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee. Note: Enter debits before credits. Date General Journal Debit Credit Sep 30 + Assuming situation (a), prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. Complete this question by entering your answers in the tabs below. Payroll Taxes General Expense Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places.) September earnings Employer Payroll taxes Tax Rate Tax Amount subject to tax 0.00 General Journal >

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