mest company has nine employees
Mest Company has nine employees. FICA Social Security taxes are 62% of the first $128.400 paid to each employee and FICA Medicare taxes are 145% of gross pay FUTA taxes are 06 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 Cumulative Pay cumulative pay $ 5,700 Employee Michelle Michael Zach Employee cumulative Pay Lori $138, kitty o . John 11,500 Timv steves 4. 135,00 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 Compute the amounts in this table for each employee Pay Subject to FUTA Pay Subject to SUTA Employee Kens Tin V Steve Michele w Michael Zach Lonk Koty John W Pay Subject to Pay Subject Cumulative FICA Social TO FICA Medicare 5 5,500 47.900 94.500 151.000 114400 135.900 138.400 44400 11.500 5 743,000 OS Required > Mest Company has nine employees. FICA Social Security taxes are 62% of the first $128.400 paid to each employee and FICA Medicare taxes are 145% 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 Kens Tin Steve 5 Cumulative Pay $ 5,900 47,900 94,500 Employee Michelle w Michael M Zach R Cumulative Pay $151,000 114,400 135,900 Employee Lorik Kitty o John Cumulative Pay $138,400 44,400 11,500 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 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 Employed Tax Pald by Employer Total Tax FICA Social Security taxes FICA Medicare taxes FUTA taxes SUTA taxes