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BMXCompany has one employee. FICA Social Security taxes are 6.2% ofthe first $137,700 paid to its employee, and FICA Medicare taxesare 1.45% of gross pay.

BMXCompany has one employee. FICA Social Security taxes are 6.2% ofthe first $137,700 paid to its employee, and FICA Medicare taxesare 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA Required information [The following information applies to the questions displayed below] BMX Company has one employee. FICA Social Security taxes are \( 6.2 \% \) of the first \( \$ 137,700 \) pald t 2 answers

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