Pardee Co. pays its employees each week. Its employees€™ gross pay is subject to these taxes.

The company is preparing its payroll calculations for the week ended August 25. Payroll records show the following information for the company€™s four employees.

In addition to gross pay, the company must pay one-half of the $22 per employee weekly health insurance; each employee pays the remaining one-half. The company also contributes an extra 8% of each employee€™s gross pay (at no cost to employees) to a pension fund.
Required
Compute the following for the week ended August 25 (round amounts to the nearest cent):
1. Each employee€™s FICA withholdings for Social Security.
2. Each employee€™s FICA withholdings for Medicare.
3. Employer€™s FICA taxes for Social Security.
4. Employer€™s FICA taxes for Medicare.
5. Employer€™s FUTA taxes.
6. Employer€™s SUTA taxes.
7. Each employee€™s net (take-home) pay.
8. Employer€™s total payroll-related expense for each employee.

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Tax FICA-Social Security FICA Medicare FUTA SUTA Rate Applied To 6.20% First $106,800 145 All gross pay 0.80 First $7,000 215 First $7,000 Gross Pay through 8/18 Current Weok Name Dahlia Trey Kiesha Chee Gross Pay $3,600 1,275 1,440 Income Tax Wthholding $450 140 173 36 $105,300 36,650 6,260 1,000 400