BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its employees, 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.

Gross Pay through August 31 Gross Pay for September
A $5,100 $2,200
B 2,300 2,400
C 122,700 8,600

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. Leave no cells blank.)

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answerblank(1) starts; blank(2); // cash cows;

answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.