Exercise 9-8 Payroll-related Journal entries LO P3 BMX Company has one employee. FICA Social Security taxes are Q.2% of the first S110.100 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX. its FUTA taxes are 0.8% and SUTA taxes are 2.9% of the first S7.000 paid to its employee. Prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities