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2 114 points Rece Mc Paloma Company has four employees FICA Social Security taxes are 6.2% of the first $137700 peld to each employee,
2 114 points Rece Mc Paloma Company has four employees FICA Social Security taxes are 6.2% of the first $137700 peld 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 texes 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 Work Cross Pay through Bali Trey August 18 #125,100 134,305 9.100 Cross Pay 3,500 3,400 1.000 Income Tex Withholding 1426 379 " Chee In addition to gross pay, the company must pay one-half of the $80 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. Required: Compute the following for the week ended August 25, (Round your intermediate calculations and final answers to 2 decimal places.): Employees FICA Wings for Social Security Employee Tax Rate Dall Twy Kesha Chee Earnings Subject to Tax TR Tax Amount 2 Employees FICA Withheldings for Medicare Tax Rate Del Trey Kesha Chee Total S 0.00 Earnings Subject to Tex T The Amount 3) Employer's FICA Tases for Social Security Employes Tax De THY Chee Tob 0.00 Earnings Subject to Tex T Tax Amount Eplayer's FICA Tases For Medi Empleyes Tax Rate De Trey Kesha Chee Emaleve's FUTAT T5 000 Eamings Texte Tex Amount T 000
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