Question: please answer correctly for thumbs up Required Information The following information applies to the questions displayed below) BMX Company has one employee. FICA Social Security

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 54% of the first $7.000 paid to its employee Gross Pay through Gross Pay for August 31 September $ 6,300 $1,800 2,900 3,080 123,900 9,800 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 (. (Round your answers to 2 decimal places.) September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA o) Tas September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
