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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% of the first $128,400 paid

[The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 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.

Gross Pay through August 31 Gross Pay for September
a. $ 6,500 $ 900
b. 2,050 2,150
c. 122,200 8,100
a)
Tax September Earnings Subject to Tax Tax Rate Tax Amount
FICASocial Security 6.20%
FICAMedicare 1.45%
FUTA 0.60%
SUTA 5.40%
b)
Tax September Earnings Subject to Tax Tax Rate Tax Amount
FICASocial Security
FICAMedicare
FUTA
SUTA
c)
Tax September Earnings Subject to Tax Tax Rate Tax Amount
FICASocial Security
FICAMedicare
FUTA
SUTA

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