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BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700...

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Accounting

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.
\table[[,\table[[Gross Pay through],[August 31]],\table[[Gross Pay for],[a.]]],[b.,$5,200,$2,400
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