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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 Company has one employee.
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. a) b) \begin{tabular}{|l|l|l|l|} \hline Tax & SeptemberEarningsSubjecttoTax & Tax Rate & Tax Amount \\ \hline FICA-Social Security & & & \\ \hline FICA-Medicare & & & \\ \hline FUTA & & & \\ \hline SUTA & & & \\ \hline \end{tabular} c) \begin{tabular}{|l|r|l|l|} \hline Tax & SeptemberEarningsSubjecttoTax & Tax Rate & Tax Amount \\ \hline FICA-Social Security & & & \\ \hline FICA-Medicare & & & \\ \hline FUTA & 0 & & \\ \hline SUTA & 0 & & \\ \hline \end{tabular}
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