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Required information [The following information applies to the questions displayed below.J 1.25 points BMX Company has one employee, FICA Social Security taxes are 6.2% of
Required information [The following information applies to the questions displayed below.J 1.25 points BMX Company has one employee, FICA Social Security taxes are 6.2% of the first $118,500 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 2.9% of the first $7,000 paid to its employee Gross Pay throughGross Pay for August September eBook 8 6,200 19, 900 113, 900 $1, 600 3, 800 9, 700 a. b. Hint 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.) Print References September Earnings Subject to Tax Tax FICA Social Security FICA Medicare FUTA SUTA Tax Rate Tax Amount September Earnings Sublect to Tax Tax Rate Tax Tax Amount FICA -Social Security FUTA SUTA September Earnings Sublect to Tax Tax Rate Tax FICA-Social Security FICA- Medicare FUTA SUTA Tax Amount
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