for FUTA & SUTA i used $800 that is over the maximum ($5500+2300=7800-7000=800) and its not the right way to do it.

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 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 $7000 paid to its employee. Gross Pay for Gross Pay through August 31 $ 5.500 2.500 123.100 $2. 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 (). (b) and (Round your answers to 2 decimal places.) Answer is not complete. Prev 1 2 3 of 3 !!! Next > to search 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 th separate situations (a), (b) and (@. (Round your answers to 2 decimal places.) Answer is not complete. TRE Tax Rate Amount 142 60 FICA Social Security FICA Medicar September Earnings Subject to Tan 2,300.00 2,300.00 800.00 800.00 33 35 6.20% 1.45% 0.60% 5.40% FUTA SUTA 43 20 b) Tas Tax Rate Amount September Earnings Subject to Tax 2.500.00 2,600.00 FICA-Social Security FICA-Medicare 161 20 620% 1.45% 37 70 FUTA SUTA ev 1 2 3 of 3 Next > to search Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does no Required information FUTA SUTA 800.00 800.00 0.60% 5.40% Part 1 of 3 43.20 September Earnings Subject to ay 2,600.00 Tax Rate Amount points 6.20% $ 161.20 FICA Social Security FICA-Medicare FUTA SUTA 2,600.00 1.45% 37.70 Trax Tax Tax Rate Amount FICA-Social Security FICA-Medicare FUTA September Earnings Subject to Tax 9,000.00 9,000.00 6.20% 1.45% 558.00 130.50 SUTA Prev 1 2 3 of 3 Next > ype here to search