Compute bmxs amounts for each of these four taxes as

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Who do you figure this, set up in columns by different taxes?

BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $110,100 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.8% and SUTA taxes are 2.9% of the first $7,000 paid to its employee.


Gross Pay through August
Gross Pay for September
a.
$ 6,400


$ 800

b.

18,200



2,100

c.

103,800



8,000


Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (c). 

Reference no: EM13570351

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