Return to questo Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.) BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $118.500 paid to its employee, and FICA Medicare taxes are 145% of gross pay, For BMX, its FUTA taxes are 0.6% and SUTA taxes are 2.9% of the first $7,000 paid to its employee. Gross Pay through August $ 6,800 18,600 112,600 Gross Pay for September $ 700 2,500 8.400 b Exercise 9-7 Payroll-related journal entries LO P3 Assuming situation a, prepare the employer's September 30 joumal entries to record the employer's payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places.) Answer is not complete. Sentmenam uns Exercise 9-7 Payroll-related journal entries LO P3 Assuming situation a, prepare the employer's September 30 journal entries to record the employer's payroll expense and its related liabilities. (Round your answers to 2 decimal places.) Answer is not complete. Employer Payroll taxes Tax Rate Tax Amount FICA Medicare FICA Social Security FUTA SUTA September earnings subject to tax 700.00 700.00 600.00 X 000 1.45% $ 6.20% 0.60% 10.15 43.40 3.60 Total Payroll Taxes Expense $ 57.15 Answer is not complete. No Date General Journal Debit Credit Sun