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BMX Company has one employee. FICA Social Security taxes are $6\mathrm{.}2\%$ of the first $$137,700$ paid to its employee, and FICA Medicare taxes are $1\mathrm{.}45\%$ of gross pay. For BMX$,$ its FUTA taxes are $0\mathrm{.}6\%$ and SUTA taxes are $5\mathrm{.}4\%$ of the first $$7,000$ paid to its employee.

Gross Pay through August $31$ Gross Pay for September

a$.$ $ $6,200$ $ $1,600$

b$.2,2002,300$

c$.133,1009,700$

Assuming situation $($a$),$ prepare the employer$$s September $30$ journal entry to record the employer$$s payroll taxes expense and its related liabilities.Required information

$[$The following information applies to the questions displayed below.$]$

BMX Company has one employee. FICA Social Security taxes are $6\mathrm{.}2\%$ of the first $$137,700$ paid 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$ paid

to its employee.

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

related liabilities.

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

Payroll Taxes

General

Expense

Journal

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

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

$*$Red text indicates no response was expected in a cell or a formula$-$based calculation is incorrect; no points deducted.