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Mest Company has 9 employees. FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, and FICA Medicare taxes are 1.45%

Mest Company has 9 employees. FICA Social Security taxes are 6.2% of the first $118,500 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 of its employees follows. image text in transcribed
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oztomheducation.com/ext/map/index.html?_con conexternal browser Blaunchurahttps%253A%252F%252Fnewconn.. Plans Prici Ginbox (452) - glam Watch all Episode ir Political Scientists Ninternational Bu B.A. in internation. T Academic Degree. Pad 3...Connect Part Shved Help Save & Exit Submit Check my work 7. Mest Company has 9 employees. FICA Social Security taxes are 6.2% of the first $118,500 pald 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 $7,000 paid to each employee, Cumulative pay for the current year for each of its employees follows. Cumulative Day Employon Cumulative Pay ployee Cumulative Day Ken 5 6.5,300 Michael M 5151.000 Lord K 5124,000 Tim 64.700 Brinc 111,400 Kitty O 91,500 121,500 John 41,400 Steve a. Compute the amounts in this table for each employee. its Pay Subject to FUTA Taxes Pay Subject to SUTA Taxos Employee Kens Book Hint Tim V Steve S Print Pay Subject to Pay Subject Cumulative FICA Social to FICA Pay Security Modicare $ 5,300 64,700 91,500 151,000 111,400 121,500 124,000 41,400 8,500 719,300 Michael M Erin C Kyle B Lorik Kitty John W Totals References 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.) Tu Pald by Employee Tax Pald by Employer Total The FICA Social Security taxes FICA Medicare taxes FUTA xes SUTA taxes

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