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 $6\mathrm{.}2\%$ of the first $$137,700$ paid to its

employee, and FICA Medicare taxes are $1\mathrm{.}45\%$ of gross pay. For BMX$,$ its FUTA taxes are $0\mathrm{.}6\%$ and

SUTA taxes are $5\mathrm{.}4\%$ of the first $$7,000$ paid to its employee.

Gross Pay Gross Pay

through for

August $31$ September

$a.$ $$5,900,$$$1,400$

$b.2,400,2,500$

c$.132,800,9,400$

Exercise $9-9($Algo$)$ Payroll$-$related journal entries LO P$3$

Assuming situation $($a$),$ prepare the employer's September $30$ journal entry to record the employer's payroll taxes

expense and its related liabilities.

Complete this question by entering your answers in the tabs below.

Assuming situation $($a$),$ compute the payroll taxes expense.

Note: Round your answers to $2$ decimal places.