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a) Tax Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] BMX Company has

a) Tax 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 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. FUTA SUTA b) Tax a b. C. Gross Pay through August 31 $ 6,300 2,600 133,200 Exercise 9-7 (Algo) Computing payroll taxes LO P2, P3 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). (Round your answers to 2 decimal places.) FICA-Social Security FICA-Medicare Gross Pay for September $ 1,800 FICA-Social Security 2,700 9,800 September Earnings Subject to Tax September Earnings Subject to Tax Tax Rate Tax Rate Tax Amount Tax Amount
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Regured hormotich Use the following informotion for the Exercises below. (Aigo) 16 isenplopre Ewercise 9.7(Algo) Computing payroli toxes LO P2, P3 Compote nMECi amounti for cach of theie four taxes as applied to the employee s grois eutningifor Septeriber urder eakb of three: separele sbuotions (d) ith and (d) (Reund your drswers to 2 decimsl placet)

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