BMX Company has one employee. FICA Soclal 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 pald to its employee. Exercise 11-9 (Algo) Payroll-related journal entries LO P3 Assuming situation (a), prepare the employer's September 30 jourmal 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