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BMX Company has one employee. FICA Social Security taxes are 6 . 2 % of the first $ 1 3 7 , 7 0 0
BMX Company has one employee. FICA Social Security taxes are of the first $ paid to its employee, and FICA
Medicare taxes are of gross pay. For BMX its FUTA taxes are and SUTA taxes are of the first $ paid
to its employee.
Exercise Algo Computing payroll taxes LO P P
Compute BMXs amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three
separate situations ab and c
Note: Round your answers to decimal places.
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