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3 - (CHS 09.11 & 12) Saved Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $127.200 paid to each

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3 - (CHS 09.11 & 12) Saved Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $127.200 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 Cumulative Pay Employee Cumulative Pay Employee Cumulative Pay Ken 5 $ 5,200 Michelle $147,50 Lori K $133,700 Tim v 46,888 Michael M 112,90 Kitty o 40,900 Steve s 91,000 Zach R 131, 2ee 8, eee W John W a. Compute the amounts in this table for each employee b. For the company, compute each total for: FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amounts in this table for each employee Pay Subject to FUTA Pay Subject to SUTA Taxes Taxes Employee KTS Tim V Steve S Michelle W Michal Pay Subject to Pay Subject Cumulative FICA Social to FICA Pay Security Medicare $ 5,200 46 800 91,000 147,500 11n on b. For the company, compute each total for: FICA Social Security taxes, FICA Medicare taxes, FUTA taxes Complete this question by entering your answers in the tabs below. Required A Required B Compute the amounts in this table for each employee. Pay Subject to FUTA Taxes Pay Subject to SUTA Taxes Employee Ke S Tim V Steve S Michelle W Pay Subject to Pay Subject Cumulative FICA Social to FICA Pay Security Medicare $ 5,200 46,800 91,000 147,500 110,900 131,200 133,700 40,900 8,000 $ 715,200 Michael M Zach R Lorik Kitty o John W Totals a. Compute the amounts in this table for each employee. b. For the company, compute each total for: FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes. Complete this question by entering your answers in the tabs below. Required A Required B For the company, compute each total for: FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes. (Round your final answers to 2 decimal places.) Tax Paid by Tax Paid by Employee Employer Total Tax FICA Social Security taxes FICA Medicare taxes FUTA taxes SUTA taxes

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