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.

Assuming situation (a), prepare the employers September 30 journal entry to record the employers payroll taxes expense and its related liabilities.

a. b. Gross Pay through August 31 $ 5,000 2,500 131,900 Gross Pay for September $ 2,100 2,600 8,500 C. Assuming situation (a), compute the payroll taxes expense. (Round your answers to 2 decimal Employer Payroll taxes FICA-Medicare FICASocial Security FUTA September earnings Tax Rate Tax Amount subject to tax 2,100.00 6.20% $ 130.20 2,100.00 1.45% 30.45 2,100.00 0.60% 12.60 5.40% Total Payroll Taxes Expense $ 173.25 SUTA No Date General Journal Debit Credit 1 September 30 Payroll taxes expense FICASocial security taxes payable FICA-Medicare taxes payable Federal unemployment taxes payable State unemployment taxes payable