2. value 3.00 points Mester Company has 10 employees. FICA Social Security taxes are 6.2% of the first $117,000 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. Cumulative pay for the current year for each of its employees follows. Employee Kon 5 Tim V Steve S Cumulative Pay $6,000 60,200 87,000 Employee Ann T Kathleen K Michelle H Cumulative Pay $146,500 106,900 117,000 Employee Lorik Kitty John W Cumulative Pay $119,500 36,900 4,000 a. Compute the amounts in this table for each employee Pay Cumulative Employee Ken 8 Tim V Steve S Ann T Kathleen K Michelle H Lori K Kitty O John W Totals Pay $ 6,000 60,200 87,000 146,500 106,900 117.000 119,500 36,900 4,000 $ 684,000 Answer is complete but not entirely correct. Pay Pay Pay Subject to Subject Subject Subject FICA to FICA to FUTA to SUTA Social Security Medicare Taxes Taxes $ 6,000 $ 6,000 6,000 $ 6,000 60,200 60,200 7,000 7.000 87,000 87,000 7,000 7.000 117,500 146,500 7.000 7,000 106,900 106,900 7,000 7,000 119,500 117,000 7,000 7,000 119,500 119,500 7,000 7,000 36,900 36,900 7,000 7,000 4,000 4,000 4,000 4,000 $ 657,500 s 684,000 $ 59,000 59,000 Kitty O John W Totals 36,900 4,000 $ 684,000 36,900 4,000 657,500 36,900 4,000 684,000 7,000 4,000 59,000 7,000 4,000 59,000 s IS $ b. For the company, compute each total for: FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes Answer is complete but not entirely correct. Tax Pald Tax Paid by by Total Tax Employee Employer $ 40,424.00 $ 0.00% FICA Social Security taxes FICA Medicare taxes 0.00 X FUTA taxes 9,490.25% 0.00 0.00 4,104.00 3,186.00 4,104.00 3,186.00 SUTA taxes