1 Help Save & Exit Submill 16.66 points References Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $137,700 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 sexes are 06% and SUTA taxes are 5.4% 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 Nane Dali Trey Kiesha Chee Gross Pay through August 18 $136,600 136,000 6,900 1,250 Current Week Gross Pay Income Tax Withholding $2,000 4 204 900 450 145 39 400 In addition to gross pay, the company must pay two-thirds of the $60 per employee weekly health insurance; each employee pays the remaining one-third. 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 your intermediate calculations and final answers to 2 decimal places.) 1) Employees' FICA Withholdings for Social Security Employes Tax Rate Dall Trey Kesha Chee Earnings Subject to Tax Tax Rate Tax Amount Total Check my wirk 1 2) Employees' FICA Withholdings for Medicare Employee 16.66 Tax Rate points Dal Trey Klesha eBook Chee References Earnings Subject to Tax Tax Rate Tax Amount 3) Employer's FICA Taxes for Social Security Employee Tax Rate Dall Trey Kiesha Chee Total Earnings Subject to Tax Tax Rate Tax Amount Total Check 5.66 oints 1 4) Employer's FICA Taxes for Medicare Employee Tax Rate Dali Trey Kiesha Earnings Subject to Tax Tax Rate Tax Amount eBook Chee References 5) Employer's FUTA Taxes Employee Tax Rate Dali Trey Kiesha Chee Total Earnings Subject to Tax Tax Rate Tax Amount Total 1 6) Employer's SUTA Taxes Employen Earnings Subject to Tax Tax Rate Tax Amount 5.66 oints Tax Rate Dali Trey Kiesha eBook Chee References 7) Each Employee's Net (take-home) Pay Total Employee Dall Trey Kiesha Chee Total Gross Pay $ 2,000.00 $ Income tax withholding 284.00 900.00 $ 145.00 450.00 $ 400.00 $ 3,750.00 39.00 30.00 498.00 FICA-Social Security FICA Medicare Health Insurance Net Pay Help 8) Employer's Total Payroll-Related Expense for Each Employee Employes Dall Trey Kiesha Chee Gross Pay $ 2,000.00 $ 900.00 $ 450.00 $ 400.00 $ FICA-Social Security FICA-Medicare FUTA SUTA Health Insurance Pension Total Payroll Expense Total 3,750.00 Prev 1 of 6 Next >