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Mest Company has nlne employees. FICA Soclal Security taxes are 6.2%6 of the first $137700 pald to each employee, and FICA Medicare taxes are 1.45%
Mest Company has nlne employees. FICA Soclal Security taxes are 6.2%6 of the first $137700 pald 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. Cumulatlve pay for the current year for each of its employees follows; 5. Compute the amounts in this table for esch employee, b. For the company, compute each total for FICA Soclal 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 tho tabs below. Cormpute the nemountsi if the tobie for eacti employee Comictete this question by entering your answers in the tabs belowi Eompure the amounth in inis table lolesch employee For the company compute each total for FiCA Sociol Security taxe5. FICA Medicare taxe5, FUTA taxes, and SUTA taxes Hink Remember to include in those totals any employee share of taxes that the company must collect. (Round your final answers to 2 decimta ploces
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