BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $118,500 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 2.9% of the first $7,000 paid to its employee. Gross Pay through August Gross Pay for Septembera. $ 6,400 $ 800b. $ 18,200 $ 2,100c. $ 112,200 $ 8,000Compute BMX’s amounts for each of these four taxes as applied to the employee’s gross earnings for September.
