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Exercise 9-9 Computing payroll taxes LO P2, P3 Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $127,200 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 $6,400 52,800 97,000 Employee Michelle W Michael M Zach R Cumulative Pay $153,500 116,900 137,200 EmployeeCumulative Pay Lori K Kitty 0 John W $139,700 46,900 14,0e0 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 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 Complete this question by entering your answers in the tabs below Required ARequired B Compute the amounts in this table for each employee Pay Subject to Pay Subject Pay Subject to FUTA Taxes Pay Subject to SUTA Taxes to FICA Medicare CumulativeFICA Social Employee Ken S Tim V Steve S Michelle W Michael M Zach R Lori K Kitty O John W Totals Pay Security 6,400 52,800 97,000 153,500 116,900 137,200 139,700 46,900 14,000 764,400 $ 6,400 S 6,400 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 6,400 52,800 97,000 127,200 116,900 127,200 127,200 46,900 14,000 S 764,400 $ 715,600 52,800 97,000 153,500 116,900 137,200 139,700 46,900 14,000 62,400 S Required A RequiredB 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. Complete this question by entering your answers in the tabs below Required ARequired 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 Tax Paid by Employee Total Tax Employer FICA Social Security taxes FICA Medicare taxes FUTA taxes SUTA taxes Required B Required A

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