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a) Required information [The following information applies to the questions displayed below] Tax BMX Company has one employee. FICA Social Security taxes are 6.2% of

a) Required information [The following information applies to the questions displayed below] Tax 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. b. Gross Pay through August 31 $ 6,400 2,000 131,400 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: Round your answers to 2 decimal places. FUTA SUTA b) Tax FICA Social Security FICA-Medicare FICA Social Security FICA Medicare FUTA SUTA c) Tax FICA-Social Security Gross Pay for September $ 800 FICA Medicare FUTA SUTA 2,100 8,000 September Earnings Subject to Tax September Earnings Subject to Tax September Earnings Subject to Tax Tax Rate Tax Rate Tax Rate Tax Amount Tax Amount Tax Amount
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Required information [The following information applies to the questions displayed below] BMX Company has one employee. FCA Social Secuity taxes are 6.2% of the first $137700 poid 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 54% of the first $7,000 paid to its employee 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 (o). (b), and ( C ) Note: Round your answers to 2 decimal places

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