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[ The following information applies to the questions displayed below. ] BMX Company has one employee. FICA Social Security taxes are 6 . 2 %

[The following information applies to the questions displayed below.]
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.
\table[[Gross Pay through,,],[August 31,\table[[Gross Pay for],[September]],],[a.,$5,900,$1,400
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.
\table[[Gross Pay through,,],[August 31,\table[[Gross Pay for],[September]],],[a.,$5,900,$1,400
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