Required information The following information applies to the questions displayed below) BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its employee, and FCA 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. ssuming situation (a), prepare the employer's Septembet 30 journal entry to record the empioyer's payroll taxes expense and its alated liabilities. Complete this question by entering your answers in the tabs below. Assuming situation (a), compute the payroll taxes expense. (Round your answers to 2 decimal places.)