hey there someone has already answered this but i need explanation that's why i am posting this

how do you calculate earnings subject to tax

is 137,700 the gross pay in this question?

how about the lists they gave us?

how is the SUTA taxes 5.4% of the first 7000 situation calculated?

can yiu go briefly over what is going on in here?

everything in red you see is mostly where i am confused thank you!

of 3 Required information [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 pald to its employee Gross Pay through Gross Pay for August 31 September $ 6,100 $ 1,400 2,1ee 2,200 133,00 9,600 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.) Answer is not complete. Tax Tax Rate Tax Amount > 6.20% $ 86,80 FICA-Social Security FICA Medicare FUTA SUTA September Earnings Subject to Tax $ 1.400.00 1.400.00 7,000.00 7.000.00 1.45% 0.60% 5.40% 20.30 42.00 378,00 ce Required information Tax Tax Rate Amount of 3 FICA Social Security FICAMedicare FUTA Earnings subject to Tax 1,400.00 1,400.00 7,000.00 7,000.00 86.80 20.30 6.20% 145% 0.60% 5.40% 42.00 SUTA 378.00 b) Tex Tax Rate Tax Amount September Earnings Subject to Tax 2,200.00 2,200.00 6.20% $ FICA-Social Security FICA-Medicare 136.40 1.45% 31.90 FUTA SUTA c) Tax Tax Rate September Earnings Subject to Tax $ 9,600.00 Tax Amount 6.20% $ 595.20 FICA Social Security FICAMedicare 9,600.00 1.45% 139.20 FUTA SUTA