BMX Company has one employee. FICA social security taxes are 6.2% of the first 117,000 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and four taxes as applied to the employee’s gross earning for September under each of the three separate situations (a),(b), and (c). (Round amounts to cents.)
Gross pay through august a) $6,400 b) $18,200 c) $110,700
Gross pay for September a) $800 b) $2,100 c) $8,000