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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

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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 paid to its employee. Gross Pay through August 31 $ 6,800 2,400 131,800 Gross Pay for September $ 700 2,500 8,400 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). Note: Round your answers to 2 decimal places. Answer is not complete. September Tax Earnings Subject Tax Rate Tax Amount to Tax FICA-Social Security $ 700.00 1.45% $ 10.15. FICA-Medicare 700.00 6.20% 43.40 FUTA 700.00 0.60% 4.20 SUTA 700.00 5.40% 37.80 b) September Tax Earnings Subject Tax Rate Tax Amount to Tax FICA-Social Security $ 2,100.00 1.45% 30.45 FICA-Medicare 2,100.00 6.20% 130.20 FUTA SUTA

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