taxes are 5.4% and PUTA LES JEU. UN, ynell Ulla ICS ILICU U U U Mest Company has nine employees, FICA Social Security taxes are 6.25 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 employce. Cumulative pay for the current year for each of its employees follows. Exercise 11- Computing pay P2 P3 Employee Cumulative Pay Employee Cumulative Pay Employee Cumulative Pay Ken S. .. Tim V....... Steve S........ $ 6,000 40.400 87.000 Michelle W........ Michael M. ....... Zach R........... Michael M. $143.500 106.900 128,400 106.900 Lori K. ........... Kitty ............ John W. .......... Kity o. $130,900 36,900 4.000 a. Prepare a table with the following six column headings. Compute the amounts in this table for each employee and then total the numerical columns Cumulative Pay Cumulative Pay Subject to FICA Social Security Fica Social Pay Subject to FICA Medicare FICA Pay Subject to FUTA Taxes O FUTAI Pay Subject to SUTA Taxes T O SUTA Employee b. For the company, compute each total for FICA Social 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. Round amounts to cents. Hitz Cosold ier hatt 4 900)