BMX Company has one employee. HCA Social Security taxes are 62% of the first $137700 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. xercise 119 (Algo) Payroll-related journal entries LO P3 Issuming situation (a), prepare the employer's September 30 joumal entry to record the employer's payroll taxes expense and its elated liabilities. Complete this question by entering your answers in the tabs below. Prepare 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 decimat places. Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related liabilities. Mentri Fnter Aehite heforen vereditw. 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 57,000 paid to its employee. Exercise 11-9 (Algo) Payroll-related journal entries LO P3 Assuming situation (a), prepare the employer's September 30 joumal entry to record the employer's payroil taxes expense and its elated 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