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BMX Company has one employee. FICA Social Security taxes are 8.500 paid to its TT, and SUTA BMX Company has one employee, FICA Social Security
BMX Company has one employee. FICA Social Security taxes are
8.500 paid to its TT, and SUTA BMX Company has one employee, FICA Social Security taxes are 6.2% of the first S11 employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, FUTA taxes are taxes are 2.9% of the first$7,000 paid to its employee. Compute BMX's amounts for taxes as applied to the one 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 Gross Pay for September a. b. C. $ 6,400 18,200 112,200 s 800 7200 2100 20,e0 8,000 120100
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