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Use the following information for the Exercises below. ( Static ) BMX Company has one employee. FICA Social Security taxes are 6 . 2 %
Use the following information for the Exercises below. Static
BMX Company has one employee. FICA Social Security taxes are of the first $ paid to its employee, and FICA Medicare taxes are of gross pay. For BMX its FUTA taxes are and SUTA taxes are of the first $ paid to its employee.
Gross Pay through August Gross Pay for September
a $ $
b
c
Exercise Static Computing payroll taxes LO P P
Compute BMXs amounts for each of these four taxes as applied to the employees gross earnings for September under each of three separate situations ab and c
Note: Round your answers to decimal places.
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