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In: AccountingBMX Company has one employee. FICA Social Security taxes are6.2% of the first $128,400 paid...BMX Company has one employee. FICA Social Security taxes are6.2% of the first $128,400 paid to its employee, and FICA Medicaretaxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% andSUTA taxes are 5.4% of the first $7,000 paid to its employee.Gross Pay throughAugust 31Gross Pay for Septembera.$5,900$1,400b.2,7002,800c.123,5009,400Compute BMX’s amounts for each of these four taxes as applied tothe employee’s gross earnings for September under each of threeseparate situations (a), (b), and (c).(Round your answers to 2 decimal places.)Assuming situation (a), prepare the employer’sSeptember 30 journal entries to record salary expense and itsrelated payroll liabilities for this employee. The employee’sfederal income taxes withheld by the employer are $80 for this payperiod.Assuming situation (a), prepare the employer’sSeptember 30 journal entries to record the employer’spayroll taxes expense and its related liabilities.