Required information Use the following information for the Exercises below. (Algo) [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 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. \begin{tabular}{|c||c} \hline Payroll Taxes & General \\ Expense & Journal \end{tabular} Assuming situation (a), compute the payroll taxes expense. (Round your answers to 2 decimal places.) \begin{tabular}{|l|l|l|l|} \hline Employer Payroll taxes & Septemberearningssubjecttotax & Tax Rate & Tax Amount \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & $ & 0.00 \\ \hline \end{tabular} Record the employer's September 30 payroll taxes expense and its related liabilities. Note: Enter debits before credits