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 employer's September 30 journal entry to record the employer's payroll taxes expense and its elated liabilities. Complete this question by entering your answers inthe tabs below. Assuming situation (a), compute the payroll taxes expense. (Round your answers to 2 decimal places.)