Exercise 9.9 Computing payroll taxes LO P2, P3 Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $127.200 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 $7000 paid to each employee. Cumulative pay for the current year for each of its employees follows. Cumulative Pay $ 5,000 Employee Kens Ti V Steve S Employee Michelle W Michael M Zach R Cumulative Pay $146,500 109,900 130,200 Employee Lorik Kitty o John W Cumulative Pay $132,700 39,900 7,000 90,000 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. 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 FICA Medicare Pay Subject to FUTA Taxes Pay Subject to SUTA Taxes Employee Ken S Tim v Steve S Michelle W Michael M Zach R Lorik Kitty O John W Totals Pay Subject to Cumulative FICA Social Pay Security 5,000 45,800 90,000 146,500 109,900 130,200| 132,700 | P 39,900 P P 7,000 707,000 $ Required A Required B > 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 Employee Tax Paid by Employer Total Tax FICA Social Security taxes FICA Medicare taxes FUTA taxes SUTA taxes