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BMX Company has one employee. FICA Social Security taxes are 6.2% of the tirst $137,700...

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BMX Company has one employee. FICA Social Security taxes are 6.2% of the tirst $137,700 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. 12 Required: 13 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). (UsecellsA2toJ10fromthegiveninformationtocompletethisquestion..Entertheformula(UincolumnBifnoearningsaresubjecttotax). BMX Company has one employee. FICA Social Security taxes are 6.2% of the tirst $137,700 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. 12 Required: 13 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). (UsecellsA2toJ10fromthegiveninformationtocompletethisquestion..Entertheformula(UincolumnBifnoearningsaresubjecttotax)

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