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Please help to answer it and Explain 5 Required information Use the following information for the Exercises below. [The following information applies to the questions
Please help to answer it and Explain
5 Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below. Part 1 of 3 242 points BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $118,500 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 2.9% of the first S7000 paid to its employee eBook Gross Pay through August $ 6,80e Gross Pay for September $ 700 2,500 8,400 Hint 18,600 Ask 112,600 Print References Exercise 9-5 Computing payroll taxes LO P2, P3 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 enswers to 2 decimal places.) Mc Graw Hill Prev 5 6 7 of 7::: Next >Step by Step Solution
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