Exercise 9.9 Computing payroll taxes LO P2, P3 Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $128,400 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 Ken S Tim v Steve s Cumulative Pay $ 6,300 41,900 88,500 Employee Michelle W Michael M Zach R Cumulative Pay $145,000 108,400 129,900 Employee Cumulative Pay Lori K $132,400 Kitty o 38,400 John W 5,500 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 Compute the amounts in this table for each employee. Pay Subject to Pay Subject Pay Subject Pay Subject Cumulative FICA Social to FICA to FUTA to SUTA Complete this question by entering your answers in the tabs below. Required A Required B Compute the amounts in this table for each employee. Pay Subject to Pay Subject Pay Subject Pay Subject Cumulative FICA Social to FICA to FUTA to SUTA Employee Pay Security Medicare Taxes Taxes Ken S $ 6,300 Tim V 41,900 Steve S 88,500 Michelle W 145,000 Michael M 108,400 Zach R 129,900 Lori K 132,400 38,400 Kitty o John W 5,500 Totals $ 696,300 $ 0 $ 0 $ 0 $ Zach R 129,900 John W 5,500 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, a (Round your final answers to 2 decimal places.) Tax Paid by Employee Tax Paid by Employer Total Tax FICA Social Security taxes FICA Medicare taxes FUTA taxes SUTA taxes