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 $6\mathrm{.}2\%$ 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 employee.

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

References

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 situations $(a),(b),$ and $(c).$

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