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11.1 11.2 11.3 11.4 Required information Part 1 of3 The following information applies to the questions displayed below BMX Company has one employee. FICA Social
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Required information Part 1 of3 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 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 29% of the first $7000 paid to its employee. 0 oints Gross Pay Gross Pay for August 6,500 18,300 $ 900 2,200 8,100 b. 112,300 Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (e), (b), and (c). (Round your answers to 2 decimal places.) 3 Answer is complete but not entirely correct. Earnings Subject Tax Amount Tax Rate FICA Social Security FICA-Medicare 900.000 900 000 620%OS 145%. 5580 13.05 11.2
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