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Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45%

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Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $137,700 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 5 $ 6,000 Julie W $ 151,500 Christina s $ 141,880 Tin V 48,400 Michael M 114,900 Kitty 0 44,980 Steve s 95,000 Zach R 137,700 John W 5,000 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. Hint Remember to include in those totals any employee share of taxes that the company must collect. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amounts in this table for each employee. Cumulative Pay Subject to pay Subject to Pay Subject to Pay Subject to Employee FICA Social Pay FICA Medicare FUTA Taxes Security SUTA Taxes Kons $ 6,000 $ 6,000 $ 6,000 $ 6,000 Tim V 48,400 48,400 Stove S 95,000 Julie W 151,500 Michael M 114,900 Zach R 137,700 Christina S 141,800 Kitty 44,900 John W 5,000 Totals $ 745,200 $ 54 400 $ 6,000 $ 6,000 $ 0 For the company, compute each total for FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes. Hint: Remember to include in those totals any employee share of taxes that the company must collect. (Round your final answers to 2 decimal places.) Tax Paid by Tax Paid by Total Tax Employee Employer FICA Social Security taxes FICA Medicare taxes FUTA taxes SUTA taxes

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