Question: Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) BMX Company has one employee. FICA



Required information Use the following information for the Exercises below. 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 Gross Pay for September August $ 5,900 19,600 113,600 $1,400 3,500 9,400 b. 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.) a) Tax FICA- Social Security FICA-Medicare FUTA SUTA b) September EarningsTax Rate Tax Amount Subject to Tax September Earnings Tax Rate Tax Amount Subject to Tax FICA-Social Security FICA-Medicare FUTA SUTA C) Tax FICA-Social Security FICA-Medicare FUTA SUTA September Earnings Subject to Tax Tax Rate Tax Amount
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