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Business, 30.07.2021 01:20 odetteerivera

BMX Company has one employee FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMC, its FUTA taxes are 0.6% and SUTA taxes are 5.4-% of the first $7,000 paid to its employee BMX Company has one employee FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMC, its FUTA taxes are 0.6% and SUTA taxes are 5.4-% of the first $7,000 paid to its employee.

Gross pay through 8/31 Gross pay for September
A 5,400 2,400
B 2,450 2,550
C 123,000 8,900
Compute BMXS amount for each of these four taxes as applied to employees gross earnings for September under each of three seperate situations a, b,c
Tax September Earnings Tax Rate Tax amount
Fica-Social Security
Fica-Medicare
FUTA
SUTA
B) Tax September Earnings Tax rate Tax Amount
Fica-Social security
fica-medicare
futa
suta
c) Tax September Earnings Tax Rate Tax amount
Fica-Social Security
Fica Medicare
FUTA
SUTA

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