Business, 23.06.2021 19:50, andrew5632
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 BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee.
Gross Pay through August Gross Pay for September
a. $6,400 $800
b. $18,200 $2,100
c. $112,200 $8,000
Required:
Compute BMX’s amounts.
Answers: 3
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BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its...
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