Fishing Guides Co. has four employees. FICA Social Security taxes are 6.2% of the first $110,100 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. Also, for the first $7,000 paid to each employee, the company’s FUTA taxes are 0.8% and SUTA taxes are 1.75%. The company is preparing its payroll calcula¬ tions for the week ended September 30. 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 $50 per employee weekly health insurance; each employee pays the remaining one-half. The company also contributes an extra 5% of each employee’s gross pay (at no cost to employees) to a pension fund.

Required Compute the following for the week ended September 30 (round amounts to the nearest cent):
1. Each employee’s FICA withholdings for 5. Employer’s FUTA taxes.
Social Security. 0_ Employer’s SUTA taxes.
2. Each employee s FICA withholdings for Medicare. 7_ Each employee’s net (take-home) pay.
3. Employer s FICA taxes for Social Security. 8. Employer’s total payroll-related expense 4. Employer’s FICA taxes for Medicare. for each employee.

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2 Name Gross Pay through 9/23 Current Week Gross Pay Income Tax Withholding 3 Ahmed $108,500 $2,500 $198 4. Carlos 36,650 1,515 182 5 June 6,650 475 32 6 Marie 22,200 1,000 68 7 44 Sheet1Sheet Shot 141