Required information
[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.
a.
Gross Pay through
August 31
\$ 6,400
b.
2,000
c.
131,400
Gross Pay for
September
\$ 800
2,100
8,000