BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $132,900 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. Compute BMX’s amounts for each of these four taxes as applied to the employees gross earnings for September under each of three separate situations.
