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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

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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 $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 $7,000 paid to its employee. Gross Pay through Gross Pay for August 31 September $ 6,400 $1, 700 b. 2,950 3, 050 124,000 9,900 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 complete but not entirely correct. a) September Earnings Subject Tax Rate Tax Tax to Tax Amount FICA-Social Security $ 1,700.00 6.20% $ 105.40 FICA-Medicare 1,700.00 1.45% 24.65 FUTA 600.00 0.60% 3.60 SUTA 600.00 5.40% 32.40 b) September Tax Earnings Subject Tax Rate Tax to Tax Amount FICA-Social Security 3,050.00 6.20% 189.10 FICA-Medicare 3,050.00 1.45% 44.23 FUTA 0.00 * SUTA 0.00 x c) September Tax Tax Earnings Subject Tax Rate to Tax Amount FICA-Social Security 4,400.00 6.20% $ 272.80 FICA-Medicare 9,900.00 1.45% 143.55 FUTA SUTA

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