1 Paloma Co has four employees. FICA Social Security taxes are 62% of the first $128.400 paid to each employee, and FICA Medicare taxes are 145% of gross pay. Also, for the first $7,000 paid to each employee, the company's FUTA taxes are 0.6% and SUTA taxes are 54% 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. Name Dalt Trey Kesha Gross Pay throuh A 10 $125,500 125,000 7,200 1.650 Current Week Income Tax Gross Pay withholding $3,400 $369 2.600 411 1,500 44 1,000 35 Chee In addition to gross pay, the company must pay one half of the $72 per employee weekly health insurance each employee pays the remaining one-half. The company also contributes an extra 8% of each employee's gross payat 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 Employo Earnings Tax Rate Subject to Tax Tax Amount Tax Rate Dall Trey Kesha Choo Test Requirea: 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 Eamings Employee Tax Rate Subject to lax Tax Amount Tax Rate Dali Trey Kiesha Chee Total Tax Amount 2) Employees' FICA Withholdings for Medicare Employee Earnings Tax Rate Subject to Tax Tax Rate Dali Troy Klesha Chee Total 3) Employer's FICA Taxes for Social Security Earnings Tay Date Tww.Art 3) Employer's FICA Taxes for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 4) Employer's FICA Taxes for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 5) Employer's FUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali EVOLI 5) Employer's FUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 6) Employer's SUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 7) Each Employee's Net (take-home) Pay Employee Dali Trey Kiesha Chee Total Gross Pay $ 3.400.00 $ 2,600.00 $ 1.800.00 $ 1,000.00 $ 8,800.00 An AA nnnn Total Trey Kiesha Chee Total 2,600.00 $ 411.00 1,800.00 $ 44.00 1,000.00 $ 35.00 7) Each Employee's Net (take home) Pay Employee Dali Gross Pay $ 3,400.00 $ Income tax withholding 369.00 FICA - Social Security FICA - Medicare Health Insurance Net Pay 8,800.00 859.00 ook Fint ences Chee 1,000.00 $ Total 8,800.00 8) Employer's total payroll-related expense for each employee. Employee Dali Trey Kiesha Gross Pay $ 3,400.00 $ 2,600.00 $ 1,800.00 $ FICA. Social Security FICA - Medicare FUTA SUTA Health Insurance Pension Total Payroll Expense