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Required information EThe following information applies to the questions displayed below BMX Company has one employee RCA Social Security taxes are 62% of the first
Required information EThe following information applies to the questions displayed below BMX Company has one employee RCA Social Security taxes are 62% 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 Gross Pay throughGross Pay for b. C. $6,700 18,500 112,500 400 2.400 ,300 Compute BMXs amounts for each of these four taxes as applied to the employee's gross garnings for September under each of three separate situtions (a), (b), and (c) (Round your answers to 2 decimal places.) Smbet EaringhTax RateTax Amount ax FICA Social Security FICA-Medicare FUTA SUTA September EarningsTax RateTax Amount ax FICA-Social Security FICA-Medicare FUTA SUTA | Tax Amount ax SubjecttoTaxilla,Tax Rate K Prev 3 4 5 of 14
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