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

points

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.

Compute the amounts in this table for each employee.