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Use the following information for the Exercises below. [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social
Use the following information for the Exercises below. [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. a. b. Gross Pay through August 31 $ 6,100 2,800 123,700 Gross Pay for September $1,400 2,900 9,600
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