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 employee. a. b. C. Gross Pay through August 31 $ 5,500 3,000 132,400 Gross Pay for September $ 2,300 3,100 9,000 Exercise 11-9 (Algo) Payroll-related journal entries LO P3 Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Note: Round your answers to 2 decimal places. View transaction list View journal entry worksheet No Date General Journal 1 September 30 Payroll taxes expense FICA-Medicare taxes payable FICA-Social security taxes payable Debit Credit Complete this question by entering your answers in the tabs below. Payroll Taxes General Expense Journal Assuming situation (a), compute the payroll taxes expense. Note: Round your answers to 2 decimal places. September earnings subject to tax Employer Payroll taxes FICA-Medicare FICA-Social Security FUTA SUTA Tax Rate Tax Amount 2,300.00 1.45% $ 33.35 2,300.00 6.20% 142.60 0.60% 5.40% Total Payroll Taxes Expense $ 175.95