Using the data in situation $($a$)$ of exercise $11-7,$ prepare the employer's September $30$ journal entry to record the employer'spayroll taxes expenseand its related liabilities. Round amounts to cents.

Chapter $11$ Current Liabilities and Payroll Accounting

$417$

BMX Company has one employee. FICA Social Security taxes are $6\mathrm{.}2\%$ of the first $$137,700$ paid to its employee, and FICA Medicare taxes are $1\mathrm{.}45\%$ of gross pay. For BMX$,$ its FUTA taxes are $0\mathrm{.}6\%$ and SUTA taxes are $5\mathrm{.}4\%$ of the first $$7,000$ paid to its employee. Compute BMX$\text{'}$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 amounts to cents.

Using the data in situation $($a$)$ of Exercise $11-7,$ prepare the employer's September $30$ journal entry to record salary expense and its related payroll liabilities for this employee. The employee's federal income taxes withheld by the employer are $$80$ for this pay period. Round amounts to cents.

Using the data in situation $($a$)$ of Exercise $11-7,$ prepare the employer's September $30$ journal entry to record the employer's payroll taxes expense and its related liabilities. Round amounts to cents.

Exercise $11-7$

Computing payroll taxes P$2$ P$3$

Check

$($a$)$ FUTA, $$3\mathrm{.}60$;

SUTA, $$32\mathrm{.}40$

Exercise $11-8$

Payroll$-$related journal entries P$2$

Exercise $11-9$

Payroll$-$related journal entries P$3$