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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.
Employee Cumulative Pay Employee Cumulative Pay Employee Cumulative Pay
Ken S $ 5,000 Julie W $ 146,500 Christina S $ 140,800
Tim V 43,400 Michael M 109,900 Kitty O 39,900
Steve S 90,000 Zach R 137,700 John W 6,600
Compute the amounts in this table for each employee.
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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