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BMX company has one employee. FICA social secutiy taxes are 6.2% of the first $118,500 paid to its employee, and FICA medicare taxes are 1.45%
BMX company has one employee. FICA social secutiy taxes are 6.2% of the first $118,500 paid to its employee, and FICA medicare taxes are 1.45% of grodd pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 2.9% of the first $7,000 paid to its employee.
Gross pay through august:
A) 5700
B)19400
c) 113,400
Gross pay for Sept:
A) $1800
B) 3300
c) 9200
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