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An employee earned $62, 500 during the year working for an employer. The FICA tax for Social Security is 6.2% and the FICA tax for

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An employee earned $62, 500 during the year working for an employer. The FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. The current FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employer will pay for this employee? BMX Co. has one employee, and the company is subject to the following taxes: 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)

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