10 Paloma Co. has four employees. FICA Social Security taxes are 6.2% of the first $128,400 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 0.6% 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. points Name Dall Trey Kiesha Chee Gross Pay through Aug. 18 $ 124,100 124,600 9,100 3,050 Current Week Income Tax Gross Pay withholding $4,100 $ 568 3,800 298 1,000 56 1,000 45 Book Print In addition to gross pay, the company must pay one-half of the $100 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. References 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 Employee Earnings Subject to Tax Tax Rate Tax Amount 6.20% Tax Rate Dali $ s 6.20% 266.60 4,300.00 3,800.00 235.60 Trey Kesha 6.20% 6.20% 1,000.00 1,000.00 Chee 6.20% 62.00 62.00 625.20 Total $ 2) Employees' FICA Withholdings for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount 1.45% Tax Rate Dali 69.60 MI 4,800.00 3,800.00 1.45% s 1.45% Trey Kiesha 1,000.00 1.45% 55.10 14.50 14.50 Chee 1.000.00 1.45% 3) Employer's FICA Taxes for Social Security 10 Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali points Trey Kiesha Chee Total S 0.00 Book 4) Employer's FICA Taxes for Medicare Print Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate References Dali Trey Kesha Choc Total s D.OD 5) Employer's FUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chec Total s D.OD 6) Employer's SUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Total S 0.00 10 6) Employer's SUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount points Tax Rate Dali Trey Kiesha Chee Book Total s D.OD Print 7) Each Employee's Net (take-home) Pay Employee Dali Trey Kiesha Chee Total References S 3,800.00 S 4,800.00 S 568.00 1,000.00 S 56.00 1,000.00 $ 10,600.00 45.00 967.00 298,00 266.60 235.60 62.0D 62.00 626.20 Gross Pay Income tax withholding FICA - Social Security FICA - Medicare Health Insurance Nel Pay 0.00 0.00 $ 0.00 Chee Total 1,000.00 $ 10,600.00 0.00 0.00 0.00 0.00 8) Employer's total payroll-related expense for each employee Employee Dall Troy Kiesha Gross Pay $ 4,800.00 S 3,800.00 S 1,000.00 S FICA-Sacial Security 0.00 0.00 0.00 FICA - Medicare D.OD D.OD D.OD FUTA 0.00 0.00 0.00 SUTA 0.00 0.00 0.00 Health Insurance Pension Total Payroll Expense $ 4,800.00 S 3,800.00 S 1,000.00 $ 0.00 0.00 0.00 0.00 0.00 0.00 1,000.00 $ 10,600.00