Question: please help me with this question. Mest Company has 9 employees. FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee,
please help me with this question.


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 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, 600 Michael M $152 , 500 Lori K $125, 500 Tim V 66, 200 Erin C 112,900 Kitty O 42 ,900 Steve S 93 , 000 Kyle B 123, 000 John W 10 , 000 a. Compute the amounts in this table for each employee. Pay Subject to Pay Subject Pay Subject Pay Subject Cumulative FICA Social to FICA to FUTA to SUTA Employee Pay Security Medicare Taxes Taxes Ken S $ 5,600 Tim V 66,200 Steve S 93,000 Michael M 152,500 Erin C 112,900 Kyle B 123,000 Lori K 125,500 Kitty O 42,900 John W 10,000 Totals $ 731,600 $ 0 $ 0 $ 0 $ 0b. 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 Employer Total Tax FICA Social Security taxes FICA Medicare taxes FUTA taxes SUTA taxes
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