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Need the full chart posted! Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $128.400 paid to each employee and
Need the full chart posted!
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 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 Employee Cumulative Pay Employee Cumulative Pay Employee Cumulative Pay Kens $ 6,300 Michelle W $153.000 Lorax $140,400 Tin V 49,900 Michael 116,400 Kitty O 46,400 Steve 5 96,500 Zach 137, see John 1,500 .. 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 Complete this question by entering your answers in the tabs below. Required A Required B Book Compute the amounts in this table for each employee. Hint ASK ferences Employee Kons Tim V Steve S Michelle W Michael M Zach R Lorik Kitty O John W Totals Pay Subject to Pay Subject Pay Subject Pay Subject Cumulative FICA Social to FICA fo FUTA to SUTA Pay Security Medicare Taxes Taxes $ 6,300 49.900 96,500 153,000 116,400 137.900 140 400 46,400 13,500 $ 760,300 5 0 $ 0 $ 05 Required B > ers in the tabs below. Required A Required B 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 Tax Paid by Total Tax Employee Employer FICA Social Security taxes FICA Medicare taxes FUTA taxes SUTA taxes Step by Step Solution
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