Social Security rate $-6\mathrm{.}2\%$ on the first $$142,800$ of gross earnings

Medicare rate $-1\mathrm{.}45\%$

FUTA rate $-0\mathrm{.}6\%$ on the first $$7,000$ of gross earnings

Don't forget, you must show ALL work$/$calculations to receive full credit! Also, be sure to round to two decimal places after EVERY calculation.

Question $5(18$ points$)$

An employer in Albuquerque, NM employs three people, whose taxable earnings to date $($prior to the current pay period$)$ are $$6,400,$ $$15,200$ and $$7,700.$ During the current pay period, these employees earn $$2,200,$ $$3,550$ and $$3,000$ respectively. The applicable SUTA tax rate is $4\mathrm{.}4\%,$ and the NM SUTA threshold is $$9,500.$ Calculate both the FUTA & SUTA tax owed by the employer for each employee.

Employee $1$: FUTA $=$ SUTA $=$

Employee $2$: FUTA $=$ SUTA $=$

Employee $3$: FUTA $=$ SUTA $=$