se 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 payFor 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 August 31 $ 6,400 2.000 122,100 Gross Pay for September $ 800 2.100 8,000 Exercise 9-7 Payroll-related journal entries LO P3 Assuming situation (a), prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related iſabilities.

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A:

Q: BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its…

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Q: Don't give solution in image format..

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Q: please step by step solution and excel form answer.

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Q: BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its…

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Q: None

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