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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

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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. Gross Pay through August 31 $ 5,400 2,900 132,300 Gross Pay for September $ 2,400 3,000 8,900 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.) a) Tax FICA-Social Security $ September Earnings Subject to Tax 2,400.00 Tax Rate Tax Amount 6.20% $ 148.80 FICA-Medicare FUTA SUTA b) 2,400.00 1.45% 34.80 1,600.00 0.60% 9.60 1,600.00 5.40% 86,40 September Earnings Tax Tax Rate Tax Amount Subject to Tax FICA-Social Security $ 3,000.00 6.20% $ 186.00 FICA-Medicare 3,000.00 1.45% 43.50 FUTA 3,000.00 0.60% 18.00 SUTA 3,000.00 5.40% 162.00 c) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security $ 5,400.00 6.20% $ 334.80 FICA-Medicare FUTA SUTA

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