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need the rest of the answers filled out Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $128.400 paid to
need the rest of the answers filled out
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 Kens Tim v Steve s Cumulative Pay $ 5,100 43,900 90,500 Employee Michelle W Michael M Zach R Cumulative Pay $147,000 110,400 131,900 Employee Lori K Kitty o John W Cumulative Pay $134,400 40,400 7,500 a. Compute the amounts in this table for each employee. b. For the company.compute each total for FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amounts in this table for each employee. Cumulative IS Employee Kans Tim V Steve S Pay 5.100 43.900 90.500 147.000 Pay Pay Pay Pay Subject to Subject Subject Subject FICA Social to FICA to FUTA to SUTA Security Medicare Taxes Taxes s 5.100S 5.100$ 5.100$ 5.100 43.900 43.900 7.000 90.500 90.500 7.000 147.000 7.000 110.400 110.400 7,000 131.900 7.000 134.400 7.000 40.400 40.400 7.000 7.500 7,500 7.000 $ 297.800 IS 711,100 IS 5.100 $ 61.100 Michelle w Michael M Zach R Lori K Kitty O John W Totals 110.400 131.900 134.400 40.400 7.500 711,100 S Required A Required B > complete. Complete this question by entering your answers 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 Employee Tax Paid by Employer Total Tax FICA Social Security taxes FICA Medicare taxes FUTA taxes SUTA taxesStep by Step Solution
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