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BMX 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 145%

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BMX 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 145% 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 $ 6,700 Gross Pay for September $ 400 2,250 8,300 b. 2,150 122,400 September Earnings Subject to Tax Tax Rate Tax Amount FICASocial Security FICA-Medicare FUTA SUTA Tax September Earnings Subject to Tax Tax Rate Tax Amount FICASocial Security FICA-Medicare FUTA SUTA Tax September Earnings Subject to Tax Tax Rate Tax Amount Inces FICA-Social Security FICA-Medicare FUTA SUTA

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