2 345 A 69 7 8 9 10 11 12 13 3 456 14 A FICA-Social Security FICA Base FICA Medicare Federal Unemployment Tax (FUTA) State Unemployment Tax (SUTA) Unemployment limit Situation a. b. B BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 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 5.4% of the first $7,000 paid to its employee. C. Gross Pay through August 31 $6,400 2,000 131,400 C Situation a $800.00 6.2% $137,700 1.45% 0.6% 5.4% $7,000 Gross Pay for September D $800 2,100 8,000 15 16 17 Required: Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under 18 each of three separate situations (a), (b), and (c). Note: If no tax is due, no formula is required. 19 20 Tax Situation b 21 FICA-Social Security 22 FICA-Medicare 23 FUTA 24 SUTA 25 26 Situation c E X LL

pls post woth formulas

BMX Company has one employec. FICA Social Security taxes are 6.2% of the first $137,700 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 5,4% of the first $7,000 paid to its employee. Required: 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 (a), (b), and (c). Note: If no tax is due, no formula is required. BMX Company has one employec. FICA Social Security taxes are 6.2% of the first $137,700 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 5,4% of the first $7,000 paid to its employee. Required: 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 (a), (b), and (c). Note: If no tax is due, no formula is required