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Required information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below. BMX Company has one employee.
Required information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below. BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $132.900 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. xercise 97 (Algo) 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 eparate situations (z). (b). and (c). lote: 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 o three separate situations (a. (b), and (d). Note: Round your amwers to 2 clecintal places
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