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Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a),
Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (c). (Round your answers to 2 decimal places.)
Required informotion [The following information apples to the questions displayed below]. BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137700 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 employee's gross earnings for September under each of three ieparate situations (b), (b), and (c). (Round your answers to 2 decimal places.) Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (d). ( 0 ), and (C) (Round your answers to 2 decimal places.) Required information Step by Step Solution
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