Question: lems Saved Help y work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate


lems Saved Help y work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate com 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 $ 6,000 2,750 123,600 Gross Pay for September $1,580 2,850 9.500 Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three eparate situations (a), (b), and (c). (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. separate situations (a), (b), and (q. (Round your answers to 2 decimal places.) * Answer is complete but not entirely correct. Tax Tax Rate Tax Amount $ 93.00 FICA Social Security FICA-Medicare FUTA SUTA September Eamings Subject to Tax 1,500.00 1,500.00 1,200.00 1,200.00 X 6.20% 1.45% 0.60% 5.40% 720 64.80 Tax Tax Rate September Earnings Subject to Tax 2.850.00 Tax Amount 6,20% 176.70 FICA-Social Security FICA-Medicare FUTA SUTA 1.45% 41.33 2.850.00 2,850.00 2.850.00 0.60% 17.10 153.90 5.40% September FUTA 17.10 2,850.00 2,850.00 0.60% 5.40% SUTA 153.90 Tax September Farnings Subject to Tax Tax Rate Tax Amount $ FICA-Social Security FICA-Medicare FUTA SUTA 9,500.00 9,500.00 6.20% 1.45% 589.00 137.75
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