Exercise y-y computing payroll taxes LO P2, P3 Mest Company has nine employees. FICA Social Security taxes are 6.2% 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 employee Cumulative pay for the current year for each of its employees follows. Employee Ken | Tim V Steve S Cumulative Pay $ 5,200 44,400 91,000 Employee Michelle W Michael M Zach R Cumulative Pay $147,500 110,900 132,400 Employee Lori K Kitty O John W Cumulative Pay $134,900 40,900 8,000 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 A Required B Compute the amounts in this table for each employee. Pay Subject to SUTA Pay Subject to FICA Social Security $ 5,200 44,400 91,000 147,500 Pay Subject to FICA Medicare $ 5,200 44,400 91,000 Pay Subject to FUTA Taxes $ 5,200 7.000 7,000 $ 5,200 7,000 7,000 Cumulative Pay 5,200 44,400 91,000 147,500 110,900 132,400 134,900 40,900 8,000 Employee Ken S Tim V Steve S Michelle W Michael M Zach R Lorik Kitty o John W Sdv mect Homework - Chapter 9 0 Exercise 9-9 Computing payroll taxes LO P2, P3 Mest Company has nine employees. FICA Social Security taxes are 6.2% of the first $128.400 paid to e Medicare taxes are 1.45% of gross pay, FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,00 Cumulative pay for the current year for each of its employees follows. Employee Ken $ Tim V Steve S Cumulative Pay $ 5,200 44,400 91,000 Employee Michelle W Michael M Zach R Cumulative Pay $147,500 110,900 132,400 Employee Lori K Kitty O John W Cumulative Pay $134,900 40,900 8,000 eBook 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 Print Complete this question by entering your answers in the tabs below. eferences Required A Required B For the company, compute each total for FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and su (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