Question: Exercise 1 1 - 7 Computing payroll taxes P 2 3 BMX Company has one employee. FICA Social Security taxes are 6 . 2 %

Exercise 11-7 Computing payroll taxes P 23
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 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. Compute BMX's amounts for each of these four taxes as applied to the employec's gross earnings for September under each of three separate situations (a),(b), and (c). Round amounts to cents.
\table[[,Gross Pay through August 31,Gross Pay for September],[a.,$6,400,$800
 Exercise 11-7 Computing payroll taxes P 23 BMX Company has one

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