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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.

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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% 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 5,300 2,900 15,900 2,600 100,000 20,100 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.) September Earnings Tax Rate Subject to Tax Tax Tax Amount 2900.00 179.80 6.20% FICA-Social Security 2900.00 1.45% FICA Medicare 42.05 FUTA 0.60% SUTA 2.90% September Earnings Tax Tax Rate Tax Amount Subject to Tax 6.20% FICA-Social Security 2,600.00 145% 2,600.00 FICA Medicare 37.70 FUTA SUTA. September Earnings Tax Rate Subject to Tax Tax Tax Amount FICA-Social Security 20,100.00 S 6.20% 1,246.20 FICA-Medicare 20,100.00 1.45% 291.45 FUTA SUTA

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