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bmx company has one employee.FICA social security taxes are 6.2% of the first $137,700 paid...

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Accounting

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.

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