BM Company has one employee. FI A Social Security taxes are 62% f the first Smas op dto its employee, nd F A Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 06% and SUTA taxes are 20% of the inst S7000 paid to its employee. Gross Pay throu August $ 6,400 18,200 112,200 b. 2,100 8,000 Exercise 11-7 Payroll-related journal entries LO P3 Assuming situation a. prepare the employer's September 30 journal entries to record the employer's payrol taxes expense related liabilities (Round your answers to 2 decimal places.) Tax Rate mployer Payroll taxes of Next>