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Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $128,400 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 $128,400 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 e Cumulative pay for the current year for each of its employees follows. mployee. Employee Cumulative Pay Employee Cumulative Pay Employee Cumulative Pay Ken 5 $ 6,300 Michelle W $153,000 Lori K $140,400 Tim v 49,900 Michael M 116,400 Kitty 0 46,400 Steve s 96,500 Zach R 137,900 John W 13,500 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 Compute the amounts in this table for each employee. Employee Kcn 5 Tim v Steve S Michelle W Michael M Zach R Lorik Kitty John W Totals Pay Subject to Pay Subject Pay Subject Pay Subject Cumulative FICA Social to FICA to FUTA to SUTA Pay Security Medicare Taxes Taxes $ 6,300 49,900 96,500 153,000 116.400 137.900 140.400 46,400 12,500 $ 760,300 $ 0 S os 0 $ 0 Required > Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $128,400 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 $7,000 pald 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 $ 6,300 Michelle W $153,000 Lori K $140,400 Tim v 49,900 Michael M 116,400 Kitty 0 46,400 Steve s 96,500 Zach R 137.900 John W 13,500 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 Tax Pald by Total Tax Employee Employer FICA Social Security taxes FICA Medicare taxes FUTA taxes SUTA taxes

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