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Exercise 11-9 Computing payroll taxes LO P2, P3 Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $128.400 paid to

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Exercise 11-9 Computing payroll taxes LO P2, P3 Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $128.400 paid to each employee, and FICA Medicare taxes are 145% of gross pay. FUTA taxes are 0,6% and SUTA taxes are 5.4% of the first 57000 paid to each employee Cumulative pay for the current year for each of its employees follows. Employee Michelle Employee Cumulative Pay Ken 5 $ 6,286 Tim V 41,400 Steve S 88,000 Cumulative Pay $144,500 107,900 129,400 Employee Cumulative Pay Lorik $131,900 Kitty O 37,900 Bohn 5,800 Michael M Zaleh 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 i Compute the amounts in this table for each employee Pay Subject to Pay Subject Pay Subject Pay Subject Required A Required B For the company, compute each total for FICA Social Security taxes, FIGA Medicare taxes, FUTA taxes, and SUTA taxes Round your final answers to 2 decimal places.) Tax Paid by Employee Tax Paid by Employer FICA Social Security taxes FICA Medicare taxes FUTA taxes * RequiredA

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