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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%

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 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 $ 5,600 Michelle W $ 149,500 Lori K $ 136,900
Tim V 46,400 Michael M 112,900 Kitty O 42,900
Steve S 93,000 Zach R 134,400 John W 10,000

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.

Compute the amounts in this table for each employee.

Pay Subject to Pay Subject Pay Subject Pay Subject
Cumulative FICA Social to FICA to FUTA to SUTA
Employee Pay Security Medicare Taxes Taxes
Ken S $5,600
Tim V 46,400
Steve S 93,000
Michelle W 149,500
Michael M 112,900
Zach R 134,400
Lori K 136,900
Kitty O 42,900
John W 10,000
Totals $731,600 $0 $0 $0 $0

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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