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Exercise 9-11 (Algo) Computing payroll taxes LO P2, P3 Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $137700 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 Cumulative Pay Employee Cumulative Pay Employee Cumulative Pay Ken S $ 5,000 Julie W $ 146,560 Christina $ 140, 800 Tin V 43,400 | Michael M 109,900 Kitty O 39,900 Steve s 90,000 Zach B 137,700 John W 6,600 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. Hint Remember to include in those totals any employee share of taxes that the company must collect. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amounts in this table for each employee. Employee Cumulative Pay Subject to Pay Subject to Pay Subject to Pay Subject to Pay FICA Social FICA Medicare FUTA Taxes SUTA Taxes Security Kon 5 s 5.000 Tim V 43.400 Steve S 90,000 Julio W 146.500 Michael M 109,900 Zach R | 137.700 Christina S 140.800 Kitty 39.900 Complete this question by entering your answers in the tabs below. Required A Required B Pay Compute the amounts in this table for each employee. Cumulative Pay Subject to Pay Subject to Pay Subject to Pay Subject to Employee FICA Social FICA Modicare FUTA Taxes SUTA Taxes Security Ken S $ 5,000 Tim V 43,400 Steve S 90,000 Julie W 146,500 Michael M 109,900 Zach R 137,700 Christina S 140.800 Kitty O 39,900 John W 6,600 Totals $ 719,800 $ 0 $ 0 $ $ 0 0 Required Requires >

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