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BMX Company has one employee. FICA Soclal Security taxes are 6 . 2 % of the first $ 1 3 7 . 7 0 0
BMX Company has one employee. FICA Soclal Security taxes are of the first $ pald to its employee, and FICA Medicare taxes are of gross pay. For BMX Its FUTA taxes are and SUTA taxes are of the first $ pald to Its employee.
Gross Pay through Gross Pay for
August September:
a
$
$
b
c
Compute BMXs amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations ab and c
Note: Round your answers to decimal places.
tableatableSeptember EarningsSubject to TaxTax Rate,Tax AmountTaxFICASocial Security,,,FICAMedicare,,,FUTASUTASeptember Earnings,Tax Rate,Tax AmountbTaxFICASocial Security,,,FICAMedicare,,,FUTASUTAcTaxFICASocial Security,,,FICAMedicare,,,FUTASUTA
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