The following information applies to the questions displayed below.) A company has one employee. FICA...
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The following information applies to the questions displayed below.) A 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 the company, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee Gross Pay through Gross Pay for August 31 September $ 6,400 $1,700 2,950 3,050 124,000 9,900 . b. Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each separate situations (a), (b), and (c. (Round your answers to 2 decimal places.) 1) Thx Tax Rate Tax Amount September Earnings Subject to Tox $ 1.700.00 FICA Social Security 6.20% $ 105.40 FICA Medicare 1.45% 24,65 FUTA 1 700,00 600.00 600.00 0.60% SUTA bi 3.60 32.40 5.40% 1.45% 24.65 FICA-Medicare 1,700.00 600.00 0.60% 3.60 FUTA 600.00 5.40% 32.40 SUTA Tax Tax Rate Tax Amount September Earnings Subject to Tax 3,050.00 FICA Social Security 6.20% $ 189.10 FICA-Medicare 3,050.00 1.45% 44.23 FUTA 3,050.00 0.60% 18.30 SUTA 3,050.00 5.40% 164.70 c) Tax Tax Rate Tax Amount September Earnings Subject to Tax 4,400.00 FICA-Social Security 6.20% $ 272.80 FICA-Medicare 9,900.00 1.45% 143.55 FUTA SUTA


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