Question: Return to 3 Part 1013 Required information Use the following information for the Exercises below. The following information applies to the questions displayed below! 2.22



Return to 3 Part 1013 Required information Use the following information for the Exercises below. The following information applies to the questions displayed below! 2.22 points 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 $ 6,800 18,600 112,600 Gross Pay for September $ 700 2.500 1,400 b. Exercise 9.5 Computing payroll taxes LO P2, P3 Compute BMX's amounts for each of these four taxes as applied to the employee's grass earnings for September under each of three separate situations al. (b), and (c) Round your answers to 2 decimal places.) Answer is not complete. M Graw DUO 8,400 Part 1 of 3 Exercise 9-5 Computing payroll taxes LO P2, P3 2.22 points Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for Sept under each of three separate situations (al. (b), and (c) (Round your answers to 2 decimal places.) Answer is not complete. a) Tax Tax Rate September Earnings Subject to Tax S 700.00 Tax Amount 6.20% $ 43.40 700.00 FICA Social Security FICA Medicare FUTA SUTA b) 1.45% 0.60% 700.00 700.00 10.15 4.20 20.30 2.90% Tax September Earnings Subject to Tax Tax Rate Tax Amount FC Social Security ME w HU FUTA 700.00 700.00 0.60% 2.90% 4.20 20.30 1013 SUTA b) 2 Tax September Earnings Subject to Tax Tax Rate Tax Amount TVS FICA Social Security FICA-Medicare FUTA SUTA c) | September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA Medicare FUTA SUTA ME Graw LO
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