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BMX Company has one employee, FICA Social Security taxes are 6.2% of the first $118.500 paid to its employee and FICA Medicare taxes are 1.45%

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BMX Company has one employee, FICA Social Security taxes are 6.2% of the first $118.500 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 29 of the lint 57000 paid to its employee. Gross Pay through August $ 5,400 19,100 113, 100 Gross Pay for September $2,400 3,888 8,900 Exercise 9-7 Payroll-related journal entries LO P3 Assuming situation a, prepare the employer's September 30 journal entries to record the employers payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places.) Tax Rate Tax Amount September eaming subject to tax Employer Payroll taxes

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