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Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $127,200 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 $127,200 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 Ken s Tim v Steve s Cumulative Pay $ 6,000 42,800 87,000 Employee Michelle W Michael M Zach R Cumulative Pay $143,500 106,900 127,200 Employee Lori K Kitty O John W Cumulative Pay $129,700 36,900 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 Compute the amounts in this table for each employee. Pay Subject to FICA Pay Subject Pay Subject Cumulative to FUTA to SUTA Medicare Taxes Taxes Employee Ken S Pay 6,000 $ Pay Subject to FICA Social Security 372 X 2,654 X 5,580 X 7,886 X 6,628 7,886 X Tim V 42,800 Steve S Michelle W Michael M 87,000 143,500 106,900 127,200 129,700 36,900 7.886 Zach R Lorik Kitty O John W 4.000 2,288 X 248 X 41,428 Totals $ 684,000 $ % 0 % 0 % 0 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

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