I know it seems like 2 problems but it is one. The professor just spread it out into two parts. Also thank you for the help!
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 S $ 6,000 Julie W $143,5ee Tim v Christina S $135,400 40,400 Michael M 106,900 Kitty O 36,900 Steve S 87,800 Zach R 132,900 John W 4,800 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 Tas 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 Medicar Kons $ 6.000 Tim V 40.400 Steve S 87.000 Julie w 143,500 Michael M 106.900 Zach R 132.900 Christina S 135.400 Kitty 36.900 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 FICA Social to FICA Security Medicare Pay Subject to FUTA Pay Subject to SUTA Taxes Taxes Employee [Ken S Tim V Steve S Julie W Cumulative Pay $ 6,000 40,400 87,000 143,500 106,900 132,900 135,400 36,900 4,000 $ 693,000 Michael M Zach R Christina S Kitty O John W Totals > Required A Required B Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $132,900 paid to each employee, and F 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 emplo Cumulative pay for the current year for each of its employees follows, Employee Cumulative Pay Employee Cumulative Pay Employee Cumulative Pay Ken 5 $ 6,000 Julie w $143,500 Christina S $135,400 Tim V 40,400 Michael M 106,900 Kitty 0 36,900 Steve S 87,000 Zach R 132,900 John W 4,000 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 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
