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Required information [The following information applies to the questions displayed below] BMX Company has one employee. FICA Social Security taxes are 62% of the first

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Required information [The following information applies to the questions displayed below] BMX Company has one employee. FICA Social Security taxes are 62% 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 paid to its employee. Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's paytoll 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. (Hound your answeri to 2 decimal place-.) Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related liabilities. Note: Enter debits before credits

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