Exercise $9-11($Algo$)$ Computing payroll taxes LO P$2,$ P$3$

Mest Company has nine employees. FICA Social Security taxes are $6\mathrm{.}2\%$ of the first $$137,700$ paid to

each employee, and FICA Medicare taxes are $1\mathrm{.}45\%$ of gross pay. FUTA taxes are $0\mathrm{.}6\%$ and SUTA taxes

are $5\mathrm{.}4\%$ of the first $$7,000$ paid to each employee. Cumulative pay for the current year for each of its

employees follows.

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. Hint. Remember to include in those totals any employee share of taxes

that the company must collect.

Complete this question by entering your answers in the tabs below.

Required $A$

Compute the amounts in this table for each employee.