Question: I got all the answers wrong in the first column. Required information [The following information applies to the questions displayed below.) BMX Company has one

 I got all the answers wrong in the first column. Required

information [The following information applies to the questions displayed below.) BMX Company

has one employee. FICA Social Security taxes are 6.2% of the first

I got all the answers wrong in the first column.

Required information [The following information applies to the questions displayed below.) BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 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 31 $ 5,600 2,550 123,200 Gross Pay for September $1,500 2,650 9,100 b. C. 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.) Tax FICASocial Security FICAMedicare September Earnings Subject to Tax $ 5,600.00 5,600.00 600.00 600.00 Tax Rate Tax Amount 6.20% $ 347.20 1.45% 81.20 0.60% 3.60 5.40% 32.40 FUTA SUTA b) Tax Tax Rate Tax Amount September Earnings Subject to Tax 2,550.00 FICA-Social Security 6.20% $ 158.10 FICA-Medicare 2,550.00 1.45% 36.98 FUTA 0.60% 15.30 2,550.001 2,850.00 SUTA 5.40% 153.90 c) Tax Tax Rate Tax Amount FICASocial Security FICA-Medicare 6.20% $ September Earnings Subject to Tax 6,300.00 123,200.00 5,600 1.45% 390.60 1,786.40 33.60 302.40 FUTA 0.60% SUTA 5,600 5.40%

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