Required information [The following information applies to the questions displayed below] BMX Company has one...

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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 $137,700 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 employec. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|l|}{ a) } \\ \hline Tax & \begin{tabular}{l} September Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \begin{tabular}{l} FICA-Social \\ Security \end{tabular} & $1,800.00x & 6.20% & 111.60 \\ \hline FICA-Medicare & 1,400.00x & 1.45% & 20.30 \\ \hline FUTA & 1,400.00x & 840% & 117.60 \\ \hline SUTA & 1,400.00 & 5.40% & 75.60 \\ \hline \multicolumn{4}{|l|}{ b) } \\ \hline Tax & \begin{tabular}{l} September Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \begin{tabular}{l} FICA-Social \\ Security \end{tabular} & & 3 & \\ \hline \multicolumn{4}{|l|}{ FICA - Medicare } \\ \hline \multicolumn{4}{|l|}{ FUTA } \\ \hline \multicolumn{4}{|l|}{ SUTA } \\ \hline \multicolumn{4}{|l|}{ c) } \\ \hline Tax & \begin{tabular}{l} September Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \begin{tabular}{l} FICA-Social \\ Security \end{tabular} & $137,700.00 & 6.20% & 8,537.40 \\ \hline FICA - Medicare & 137,70000 & 1.45% & 1,99665 \\ \hline FUTA & 00 & & \\ \hline SUTA & 00 & & \\ \hline \end{tabular} The employee's federal income taxes withheld by the employer are $80 for this pay period. Assuming situation (a), compute the taxes to be withheld from gross pay for this employee. Note: Round your answers to 2 decimal places. Journal entry worksheet 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. Assuming situation (a), compute the payroll taxes expense. 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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