BMX Company has one employee. FICA Social Security taxes are $6\mathrm{.}2\%$ of the first $$137,700$ paid to its employee, and FICA

Medicare taxes are $1\mathrm{.}45\%$ of gross pay. For BMX$,$ its FUTA taxes are $0\mathrm{.}6\%$ and SUTA taxes are $5\mathrm{.}4\%$ of the first $$7,000$ paid

to its employee.

Assuming situation $($a$),$ prepare the employer's September $30$ journal entry to record the employer's payroll taxes expense and its

related liabilities.

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Assuming situation $($a$),$ compute the payroll taxes expense.

Note: Round your answers to $2$ decimal places.