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BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128.400 paid to its employee, and FICA Medicare taxes are 1.45%

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BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128.400 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. a. b. C. Gross Pay through August 31 $ 5,900 2,700 123,500 Gross Pay for September $1,400 2,800 9,400 Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of the separate situations (a), (b), and (C). (Round your answers to 2 decimal places.) Answer is not complete. a) Tax Rate Tax Amount Tax 6 20% S 86 80 September Earnings Subject to Tax $ 1,400.00 1.400.00 5,900.00 5,900.00 $ FICA-Social Security FICA-Medicare FUTA SUTA 20.30 1.45% 0.60% 35.40 FICA-Medicare 1,400.00 1.45% 20.30 FUTA 0.60% 35.40 5,900.00 X 5,900.00 X SUTA b) Tax Tax Rate September Earnings Subject to Tax 2,700.00 x Tax Amount 6.20% $ 167 40 FICA-Social Security FICAMedicare 2,700.00 X 1.45% 39.15 FUTA SUTA c) September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA Medicare FUTA SUTA

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