Required information Use the following information for the Exercises below. (Static) [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 311 $ 6,400 2,000 131,400 Gross Pay for Septenber $800 2,100 8,000 Exercise 9-7 (Static) Computing payroll taxes LO P2, P3 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.) < September Earnings Tax Tax Rate Tax Amount Subject to Tax FICA-Social Security $ 800.00 6.20% $ 49.60 FICA-Medicare 800.00 1.45% 11.60 FUTA 600.00 0.60% 3.60 SUTA 600.00 5.40% 32.40 b) September Earnings Tax Subject to Tax Tax Rate Tax Amount FICA-Social Security $ FICA-Medicare 2,100.00 2,100.00 6.20% $ 1.45% 130.20 30.45 FUTA SUTA c) ences September Earnings Tax Subject to Tax Tax Rate Tax Amount FICA-Social Security $ 8,000.00 6.20% $ 496.00 FICA-Medicare 8,000.00 1.45% 116.00 FUTA SUTA Required information Use the following information for the Exercises below. (Static) [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 311 $ 6,400 2,000 131,400 Gross Pay for Septenber $800 2,100 8,000 Exercise 9-7 (Static) Computing payroll taxes LO P2, P3 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.) < September Earnings Tax Tax Rate Tax Amount Subject to Tax FICA-Social Security $ 800.00 6.20% $ 49.60 FICA-Medicare 800.00 1.45% 11.60 FUTA 600.00 0.60% 3.60 SUTA 600.00 5.40% 32.40 b) September Earnings Tax Subject to Tax Tax Rate Tax Amount FICA-Social Security $ FICA-Medicare 2,100.00 2,100.00 6.20% $ 1.45% 130.20 30.45 FUTA SUTA c) ences September Earnings Tax Subject to Tax Tax Rate Tax Amount FICA-Social Security $ 8,000.00 6.20% $ 496.00 FICA-Medicare 8,000.00 1.45% 116.00 FUTA SUTA