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(PLease explain)BMX Company has one employee. FICA Social Security taxes are6.2% of the first $137,700 paid to its employee, and FICA Medicaretaxes are 1.45% of

(PLease explain)BMX Company has one employee. FICA Social Security taxes are6.2% of the first $137,700 paid to its employee, and FICA Medicaretaxes are 1.45% of gross pay. For BMX, its FUTA taxes a 2 answers

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