Question: Exercise 1 1 - 7 Computing payroll taxes P 2 3 BMX Company has one employee. FICA Social Security taxes are 6 . 2 %
Exercise Computing payroll taxes P
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. Compute BMXs amounts for each of these four taxes as applied to the employec's gross earnings for September under each of three separate situations ab and c Round amounts to cents.
tableGross Pay through August Gross Pay for Septembera$$
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