$!$

Required information

Use the following information for the Exercises below. $($Algo$)$

The following information applies to the questions dispiayed below.$]$

BMX Company has one employee. FICA Social Security taxes are $6\mathrm{.}2\%$ of the first $$137,700$ paid to its employee, and FICA

Medicare taxes are $1\mathrm{.}45\%$ of gross pay. For BMX$,$ its FUTA taxes are $0\mathrm{.}6\%$ and SUTA taxes are $5\mathrm{.}4\%$ of the first $$7,000$ paid

to its emplryee.

Gross Pay Lhrough

Gross Pay for

August $31$

September

& $2,498$

$a.$

$2,900$

$3,9$

$b.2,906$

$c.132,390$

$8,$

Exercise $9-7($Algo$)$ Computing payroll taxes LO P$2,$ P$3$

Compute BMX$\text{'}$s amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three

separate siluations $($d$).(b)$ and $($c$).$

Note: Round your answers to $2$ decimal places.