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undefined Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $132,900 paid to each employee, and FICA Medicare taxes are

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Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $132,900 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 Ken S Tim V Steve S Cumulative Pay $ 5,500 45,900 92,500 Employee Julie W Michael M Zach R Cumulative Pay $149,000 112,400 133,900 Employee Cumulative Pay Christina s $ 136,400 Kitty o 42,400 John W 9,500 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. Compute the amounts in this table for each employee. Pay Subject Pay Subject to Pay Subject FICA Social to FICA Security Medicare Pay Subject to SUTA Cumulative to FUTA Taxes Taxes Employee Ken s Tim v $ Pay 5,500 45,900 Steve S Julie W Michael M Zach R 92,500 149,000 112,400 133,900 136,400 42,400 9,500 727,500 Christina S Kitty o John W Totals $ 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 taxes

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