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.

Part 1 of 3

a. b.

1.42 points

Gross Pay through

August 31 $ 6,500 2,1001 31,500

Gross Pay for September

$900 2,200 8,100

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

[The following information applies to the questions displayed below.] 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. xercise 9-7 (Algo) Computing payroll taxes LO P2, P3 ompute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three eparate situations (a), (b), and (c). lote: Round your answers to 2 decimal places