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Required information Use the following information for the Exercises below. ( Algo ) [ The following information applies to the questions displayed below. ] BMX

Required information
Use the following information for the Exercises below. (Algo)
[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.
\table[[,Gross Pay through,Gross Pay for],[August 31,September,]]
Exercise 9-7(Algo) 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).
Note: Round your answers to 2 decimal places.
\table[[a),\table[[September Earnings],[Subject to Tax]],Tax Rate,Tax Amount],[Tax,,6.20%,],[FICASocial Security,,,],[FICAMedicare,,,],[FUTA,,,],[SUTA,,,]]
b)
\table[[Tax,\table[[September Earnings],[Subject to Tax]],Tax Rate,Tax Amount],[FICA-Social Security,,,],[FICA-Medicare,,,],[FUTA,,,],[SUTA,,,]]
c)
\table[[Tax,\table[[September Earnings],[Subject to Tax]],Tax Rate,Tax Amount],[FICA-Social Security,,,],[FICA-Medicare,,,],[FUTA,,,],[SUTA,,,]]
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