Question: Please help it would be greatly appericated Required information [The following information applies to the questions displayed below.) BMX Company has one employee. FICA Social


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 $118,500 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 2.9% of the first $7,000 paid to its employee Gross Pay through August $ 6,300 20,000 114,000 Gross Pay for September $1,800 3,900 9,800 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 Tax Rate Tox Amount September Earnings Subject to Tax 1,800.00 1,800.00 FICA-Social Security FICA-Medicare FUTA SUTA b) 6.20% $ 1.45% 0.00% 111.60 26.10 2.90% September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA Medicare FUTA SUTA c) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA
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