BMX Company has one employee. FICA Soclal Securlty taxes are $6\mathrm{.}2\%$ of the first $$137,700$ pald 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$ pald

to its employee.

Exerclse $9\mathrm{.}9($Algo$)$ Payroll$-$related Journal entrles LO P$3$

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

related liabilitles.

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

Payroll Taxes

Expense

Assuming situation $($a$),$ compute the payroll taxes expense.

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