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 $132,900 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 $ 6,200 Julie W $152,500 Christina s $ 139,900 Tim V 49,400 Michael M 115,900 Kitty o 45,900 Steve s 96,000 Zach R 137,400 John W 13,000 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 Pay Subject to FUTA Taxes Pay Subject to SUTA Taxes Compute the amounts in this table for each employee. Pay Subject to Pay Subject Cumulative FICA Social to FICA Employee Pay Security Medicare Ken s $ 6,200 Tim V 49,400 Steve S 96,000 Julie w 152,500 Michael M 115,900 Zach R 137,400 Christina S 139,900 Kitty 45,900 John W 13,000 Totals $ 756,200 Required A Required B > 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