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BMX Company has one employee. FICA Social Security taxes are 6.20% of the first $117,000 paid to its employee, and FICA Medicare taxes are 1.45%

BMX Company has one employee. FICA Social Security taxes are 6.20% of the first $117,000 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.60% and SUTA taxes are 2.90% of the first $7,000 paid to its employee.

Gross Pay through August Gross Pay for September
a. $ 6,600 $ 1,200
b. 19,800 2,600
c. 99,000 21,000

c. Fica social security

a)
Tax September Earnings Subject to Tax Tax Rate Tax Amount
FICASocial Security $1,200.00 6.20% $74.40
FICAMedicare 1,200.00 1.45% 17.40
FUTA 400.00 0.60% 2.40
SUTA 400.00 2.90% 11.60
b)
Tax September Earnings Subject to Tax Tax Rate Tax Amount
FICASocial Security $2,600.00 6.20% $161.20
FICAMedicare 2,600.00 1.45% 37.70
FUTA 0.00
SUTA 0.00
c)
Tax September Earnings Subject to Tax Tax Rate Tax Amount
FICASocial Security
FICAMedicare
FUTA
SUTA

NEED HELP WITH PART C

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