Exerclse 9-11 (Algo) Computing payroll taxes LO P2, P3 Mest Compary has nine employeesi FICA Socisl Security taxes are 6.24 of the fest $137700 paid to each empioyee, and FiCA Medicate taxes are 1.45% of gross poy. FUTA taxes are 0.6% and SUTA laxes are 54 Wh of the firm 57.000 pe d to each empiogee Cumulotive poy 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 Social Security taxes. FICA Medicare maxes. FUTA raver. and SUTA raxes. Hink Remember to lnclude in those totais any employee share of taxes that the compony must colitct. Complete this question by entering your answers in the tabs below. Compute the amounts in this table for each employee. Exerclse 9-11 (Algo) Computing payroll taxes LO P2, P3 Mest Company has nine employces. FiCA Social Security taxes are 6.2\% of the fist $137700 paid to each employee; and FicA Medicare taxes ere 145% of gross pay. FUTA taxes are 0.6% and 5 UTA toxes are 5.4% of the first $7,000 paid to each employce. Cumulative pay for the current year for each of its employees follows. a. Compure the amounts in this table for each employee. b. For the company, compute each total for FICA Social Security taxes, FICA Mcdicare taxes, FUTA taxes, ond SUTA taxes, Hint. Remember to include in those totais any empioyee share of taxes that the company must collect: Complete this question by entering your answers in the tabs below. For the compamy, compute each total for FICA Social Securty taxes. FICA Medicare taxes, FUTA taxes, and SUTA taxea, Hinti Remember to include in thoae totals any employen share of twexes that the company must collect. (Round your final answers to 2 decimal places