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Mester Company has 10 employees. F CA Social Security taxes are 6.2% of the first $117,000 paid to each employee, and FICA Medicare taxes are
Mester Company has 10 employees. F CA Social Security taxes are 6.2% of the first $117,000 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 Pa Employee Cumulative Pa Employee Cumulative Pa Ken S $149,000 $6,500 Ann T Lori K $122,000 Tim V 39,400 Kathleen K 109,400 62,700 Kitty O Steve S John W 6,500 89,500 Michelle H 119,500 a. Compute the amounts in this table for each employee. Pay Subject to Pay Subject Pay Subject Pay Subject to FUTA to SUTA Cumulative FICA Social to FICA Taxes Taxes Employee Pay Security Medicare S 6,500 Ken S Tim V 62,700 89,500 Steve S Ann T 149,000 Kathleen K 109,400 119,500 Michelle H Lori 122,000 39,400 Kitty O 6500 John W 704500 Totals
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