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Mest Company has nine employees. FICA Social Security taxes are 6 . 2 % of the first $ 1 3 7 , 7 0 0

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.
\table[[Employee,Cumulative Pay,Employee,Cumulative Pay,Employee,Cumulative Pay],[Ken S,$5,000,Julie W,$146,500,Christina S,],[Tim V,43,400,Michael M,109,900,Kitty 0,],[Steve S,90,000,Zach R,137,700,John W,]]
a. Compute the amounts in this table for each employee.
b. For the company, compute each total for FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes. Hint Remember to include in those totals any employee share of taxes that the company must collect.
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Compute the amounts in this table for each employee.
\table[[Employee,,\table[[ulative],[ay]],\table[[Pay Subject to],[FICA Social],[Security]],\table[[Pay Subject to],[FICA Medicare]],\table[[Pay Subject to],[FUTA Taxes]],\table[[Pay Subject to],[SUTA Taxes]]],[Ken S,$,5,000,,,,],[Tim V,,43,400,,,,],[Steve S,,90,000,,,,],[Julie W,,146,500,,,,],[Michael M,,109,900,,,,],[Zach R,,137,700,,,,],[Christina S,,140,800,,,,],[Kitty O,,39,900,,,,],[John W,,6,600,,,,],[Totals,$,719,800,0,0,$,$
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