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Required Information [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Soclal Security taxes are 6.2% of the first
Required Information [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Soclal 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. 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.)
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