6,70 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 145% 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 August 31 $ 5,900 2,700 123,500 Gross Pay for September $1,400 2,800 9,400 Exercise 9-7 Payroll-related journal entries LO P3 Assuming situation (W), 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 General Taxes Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places.) September Employer Payroll earnings subject Tax Rate Tax Amount taxes to tax FIL T ETTE General Journal > File Edit View History Bookmarks Window Help newconnect.mhedu -5,6,70 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 145% 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 for September Gross Pay through August 31 $ 5.900 2.700 123,500 $1,400 2,800 9.48e Exercise 9-7 Payroll-related journal entries LO P3 Assuming situation (e. prepare the employer's September 30 journal entries to record the employer's payrolles expense and its related liabilities Complete this question by entering your answers in the tabs below. Payroll General Taxes 1 Journal Prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related liabilities. Note Enter debits before credits Debit Credit 3