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Exercise 9.11 (Algo) Computing payroll taxes LO P2, P3 Mest Company tas nine employees. FICA Social Security taxes are 6.2% of the first $137700 paid

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Exercise 9.11 (Algo) Computing payroll taxes LO P2, P3 Mest Company tas nine employees. FICA Social Security taxes are 6.2% of the first $137700 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 57,000 paid to each employee Cumulative pay for the current year for each of its employees follows o. Compute the amounts in this table for each employee b. For the company, compute each total for FCA Social security taxes. FICA Medicare taxes. FUTA taxes, and SuTA taies. Hint, Remember to include in those totals any employee share of toxes that the company must coliect Compute the amounts in this table for each employee. 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. (Round your final answers to 2 decimal places.)

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