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 $5,300 2,800 132,200 Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Payroll Taxes Expense Gross Pay for September $ 2,600 Complete this question by entering your answers in the tabs below. General Journal 2,900 8,800 Employer Payroll taxes FICA-Social Security Assuming situation (a), compute the payroll taxes expense. Note: Round your answers to 2 decimal places. September earnings subject to tax Tax Rate $ Tax Amount 0.00

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 related liabilities. Complete this question by entering your answers in the tabs below. Assuming situation (a), compute the payroll taxes expense. Note: Round your answers to 2 decimal places. repare 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. Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related liabilities. Note: Enter debits before credits