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BMX Company has one employee. FICA Social Security taxes are 6.20% of the first $117,000 paid to its employee, and FICA Medicare taxes are 1.45%

BMX Company has one employee. FICA Social Security taxes are 6.20% of the first $117,000 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.60% and SUTA taxes are 2.90% of the first $7,000 paid to its employee.

Gross Pay through August Gross Pay for September
a. $ 6,100 $ 1,900
b. 18,300 3,200
c. 101,000 20,200

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Time remaining: 1:56:55 10. 10.00 points has one employee. FICA Social Security taxes are 6.20% of the first $117.000 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.60% and SUTA taxes are 2.90% of the first $7,000 paid to its employee. Gross Pay through August Gross Pay for September 1.900 6,100 18,300 3,200 101,000 20,200 Compute BMX's amounts for each of the above four taxes as applied to the employee's gross earnings for September under situation (a.(b), and (c). (Round your answers to 2 decimal places.) Earnings September Tax Rate Tax Amount Tax Subject to Tax FICA--Social Security FICA-Medicare FUTA. SUTA

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