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Mest Company has 9 employees FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, and FICA Medicare taxes are 145%

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Mest Company has 9 employees FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, and FICA Medicare taxes are 145% 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 Pay Employee Cumulative Pay Employee Cumulative way Kens $5,200 Michael M $155,500 Lorik 5128,500 Tin v 69,200 Erin 115,900 Kitty o 45,900 Steve 5 96,ce Kyle 126, eee John W 13,00 o. Compute the amounts in this table for each employee Employee Ken 5 Tim V Steve S Michael M Enn C Kyle B Lor K Kitty O John W Totals Pay Subject to Pay Subject Pay Subject Pay Subject Cumulative FICA Social to FICA to FUTA to SUTA Pay Security Medicare Taxes Taxes 5 6,200 $ 6,200 $ 6,200 s 6,200 $ 6.200 69 200 69,200 69,200 7.000 7.000 95,000 96,000 96,000 7000 7000 155,500 7.000 7.000 115,900 7,000 7000 126.000 7.000 7,000 128,500 7.000 7,000 45,900 7,000 7000 13,000 7,000 7,000 5 756,200 5 171,400 5 171,400 62.2005 62,200 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 Securty taxes FICA Medicare taxes FUTA taxes SUTA taxes

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