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BMX Company has one employee, FICA Social Security taxes are 6.2% of the first $137,700 paid to its employee, and FICA Medicare taxes are 1.45%

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BMX Company has one employee, FICA Social Security taxes are 6.2% of the first $137,700 paid to its employee, 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. The amount of federal income tax withheld from the employee's gross earnings was $1,507.97. Compute the total amount of taxes withheld from the employee's earnings. For this first month of the year, the employee earned a total of $9,088. Multiple Choice $1,690.17 $1,999.00 $2,203.21 $3.343.32

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