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 salary expense and its related payroll liabilities for

this employee. The employee's federal income taxes withheld by the employer are $$70$ for this pay period.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

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

liabilities for this employee. The employee's federal income taxes withheld by the employer are $$70$ for this pay period.

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