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14 ina 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

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14 ina 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 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 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. Current Week Gross Pay through Aug. Income Tax 18 Gross Pay Withholding $125,500 $3,400 $369 125,800 2,600 411 7,700 1,800 44 1,650 1,000 35 fool Nome Dall Trey Kiesha Chee rence 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 pay (at no cost to employees) to a pension funa Required: Compute the following for the week ended August 25. (Round your intermediate calculations and final answers to 2 decimal places.) htERICAwathaltungstar total any STAR D Tots 0.00 Auto e La TO 0.00 1 Employers FICA Taxes for Social Security Earnings Subject to Tax Tax Rate Tax Amount Employee Tax Rate Dali Trey Kesha Chee Tots 0.00 4 Employer's FCA Taxes for Medicare ces Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kesha Chee To $ 0.00 Employer's FUTA Taxes Earings Subject to Tax Tax Rate Tax Amount Trey Ches Total $ 0.00 Tot 7) Each Employee's Net (take-home) Pay Employee Dali Trey Kiesha Chee Total GA 3,400.00 S 2.800.00 $ 1.800.00 1.000.00 $ 8.800.00 360.00 411.00 44.00 35.00 859.00 Gross Pay Income tax withholding FICA-Social Security FICA - Medicare Health Insurance Net Pay 0.00 0.00 0.00 0.00 Chee B) Employer's total payroll-related expense for each employee Employee Dali Trey Kiesha Gross Pay $ 3.400.00 S 2.600.00 $ 1.800.00 FICA - Social Security 0.00 0.00 0.00 FICA-Medicare 0.00 0.00 0.00 FUTA 0.00 0.00 0.00 SUTA 0.00 0.00 0.00 $ $ 1.000.00 0.00 0.00 Total 8.800:00 0.00 0.00 0.00 0.00 0.00 0.00 Tour Payroll Expense 0.00 5 3.400.00 5 2.500.00 $ 1.800.00 5 1.000.00 0.00 8.800.00

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