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Required information [The following information applies to the questions displayed below] BMX Company has one empioyee. FICA Social Security taxes are 6.2% of the first

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Required information [The following information applies to the questions displayed below] BMX Company has one empioyee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its empioyee, 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

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