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Required Information Use the following Information for the Exercises below. The following Infarmation eppliles to the questions clspleyed below BMX Company nas one employee. FICA
Required Information Use the following Information for the Exercises below. The following Infarmation eppliles to the questions clspleyed below BMX Company nas one employee. FICA Social Security t3xes 5re 6.2% of tnefirat $118.500 pala to its empoyee, 5nd FICA Medcere taxes s'e 1.45% of gro" pay. For BMX, its FUTA tBe0.6% 5na SUTA taues ve 2956 of thefirat S7000 paid to ts emp oyee. 19.688 113.688 $1,480 3, sae .488 Exercise 9-5 Computing payroll taxes LO P2, P3 Compute BMCs 5mounts for eecn of these four ties 5ppled to tne employee's gross earnings for Secoemcer under eech of tnee eparste altuations (aand() (Round your answers to 2 decimal ploces) Tax Ratsx Amount 6.20%| S Earningsax Rate Earningsax Rate
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