Exercise 9-11 (Algo) Computing payroll taxes LO P2, P3 Mest Company has nine employees. FiCA Social Security taxes are 6.2% of the first $137,700 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. a. Compute the amounts in this table for each employee. b. For the company, compute each total for FICA Soclal 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. Exercise 9-11 (Algo) Computing payroll taxes LO P2, P3 Mest Company has nine employees. FICA Soclal Security tawes are 622 of the first $137700 pad to each emgloyee, and FiCA Modicare 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 yeor for each of its employeos 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 taxos, and SUTA taxes. Hint. Remember to include in those totals any employee share of taxes that the compony must collect Compiete this question by entering your answers in the tabs below. For the company, compute each total for fiCA Soclal Secunty taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes. Hint: Remember to indude in those totals any employee share of taxes that the compony must collect. Note: Pound your final answers to 2 decimal places