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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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image text in transcribed 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.
Gross pay through Gross pay for
August 31 September
a. $6,200 $1,600
b. 2,850 2,950
c. 123,800 9,700
Compute BMX's amounts for each of these four taxes applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (c).
Faded Practice Check my work mode: This shows what is correct or incorrect for the work you have come Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) BMX Company has one employee. FICA Social Security taxes are 62% of the first $128.400 paid to its employee and FICA Medicate taxes are 1.45% of gross pay For BMX, Its FUTA taxes are 0,6% and SUTA faxes are 5.4% of the first $7000 paid to its employee. 8 Grass through August $ 6,200 2,850 123,100 Grosse Pay for September $1,600 -2,950 9,700 Exercise 9-5 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 (0) and ((Round your answers to 2 decimal places.) Answer is not complete. September Earnings Subst Tax Rate Tax Amount TECH Sey FOAM IPUTA TEUTA 5209 115 con Sam

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