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7 ompany has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its and FICA Medicare taxes are 1.45% of
7 ompany has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and ses are 5.4% of the first $7,000 paid to its employee. Compute BMX's amounts for each of these xes as applied to the employee's gross earnings for September under each of three separate situa- tions (a), (b), and (C). Round amounts to cents. Gross Pay through August 31 Gross Pay for September su $ 6,400 2,000 122,100 $ 800 2,100 8,000
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