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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 of the first $ paid to each employee, and FICA
Medicare taxes are of gross pay. FUTA taxes are and SUTA taxes are of the first $ paid to each employee.
Cumulative pay for the current year for each of its employees follows.
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.
Compute the amounts in this table for each employee.
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