Required information Use the following informotion for the Exercises below. (Algo) [The following information applies to the questions displayed below. BMX Company has one employee. FCA Social Security taxes are 6.2% of the first $137700 peid to is employee, and ECA 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 57,000 paid to its employee. Exercise 11-8 (Algo) Payroll-related journal entries LO P2 this empioyee. The employeels federal income taxes withheld by the employer are 570 for this poy period Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. The employee's federal income taxes withheld by the employer are $70 for this pay period. Assuming stastion (a), wamputar the taxes to be withheld from gross pay for this employee. Note: Round your answers to 2 decimal places. Assuming situation (a), prepare the employer's September 30 journal entry to record salary experse and its rebted payrol hatbiries fior this employee. The employee's federal income taxes withheld by the employer are $70 for this pay period. Note: Round your answers to 2 decimal places. Journal entry worksheet Prepare the employer's September 30 journal entry tohecord accrued salary expense and its related payroll liabilities for this employee