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3) Employer's FICA Taxes for Social Security begin{tabular}{|l|l|l|l|} hline Employee & begin{tabular}{c} Earnings Subject to Tax end{tabular} & Tax Rate & Tax Amount

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3) Employer's FICA Taxes for Social Security \begin{tabular}{|l|l|l|l|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline Kiesha & & & \\ \hline Chee & & & \\ \hline & & Total & \\ \hline \end{tabular} 4) Employer's FICA Taxes for Medicare \begin{tabular}{|l|l|l|l|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline Kiesha & & & \\ \hline Chee & & & \\ \hline & & & \\ \hline \end{tabular} 5) Employer's FUTA Taxes \begin{tabular}{|l|l|l|l|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline \end{tabular} 5) Employer's FUTA Taxes \begin{tabular}{|l|l|l|l|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline Kiesha & & & \\ \hline Chee & & & \\ \hline & & Total & \\ \hline \end{tabular} 6) Employer's SUTA Taxes \begin{tabular}{|c|c|c|c|c|c|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount & & \\ \hline \multicolumn{6}{|l|}{ Tax Rate } \\ \hline \multicolumn{6}{|l|}{ Dali } \\ \hline \multicolumn{6}{|l|}{ Trey } \\ \hline \multicolumn{6}{|l|}{ Kiesha } \\ \hline \multirow{2}{*}{\multicolumn{6}{|c|}{ Chee }} \\ \hline & & & & & \\ \hline \multicolumn{6}{|c|}{ 7) Each Employee's Net (take-home) Pay } \\ \hline Employee & Dali & Trey & Kiesha & Chee & Total \\ \hline Gross Pay & $3,400.00 & 2,800.00 & $1,600.00 & 1,000.00 & 8,800.00 \\ \hline Income tax withholding & 327.00 & 97.00 & 42.00 & 32.00 & 498.00 \\ \hline FICA - Social Security & & & & & \\ \hline \end{tabular} 1) Employees' FICA Withholdings for Social Security \begin{tabular}{|l|l|l|l|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline Kiesha & & & \\ \hline Chee & & & \\ \hline & & & \\ \hline \end{tabular} 2) Employees' FICA Withholdings for Medicare \begin{tabular}{|l|l|l|l|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline Kiesha & & & \\ \hline Chee & & & \\ \hline & & & \\ \hline \end{tabular} 3) Employer's FICA Taxes for Social Security \begin{tabular}{|l|l|l|l|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & & \\ \hline Dali & & & \\ \hline \end{tabular} 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 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. In addition to gross pay, the company must pay one-half of the $66 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. Note: Round your intermediate calculations and final answers to 2 decimal places. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{9}{|c|}{ 7) Each Employee's Net (take-home) Pay } & \multirow{2}{*}{\multicolumn{2}{|c|}{ Total }} \\ \hline Employee & & Dali & & Trey & \multicolumn{2}{|c|}{ Kiesha } & \multicolumn{2}{|c|}{ Chee } & & \\ \hline Gross Pay & $ & 3,400.00 & $ & 2,800.00 & $ & 1,600.00 & $ & 1,000.00 & $ & 8,800.00 \\ \hline Income tax withholding & & 327.00 & & 97.00 & & 42.00 & & 32.00 & & 498.00 \\ \hline \multicolumn{11}{|l|}{ FICA - Social Security } \\ \hline \multicolumn{11}{|l|}{ FICA - Medicare } \\ \hline \multicolumn{11}{|l|}{ Health Insurance } \\ \hline \multicolumn{11}{|l|}{ Net Pay } \\ \hline \multicolumn{11}{|c|}{ 8) Employer's Total Payroll-Related Expense for Each Employee. } \\ \hline Employee & & Dali & & Trey & & lesha & & Chee & & Total \\ \hline Gross Pay & $ & 3,400.00 & $ & 2,800.00 & $ & 1,600.00 & $ & 1,000.00 & $ & 8,800.00 \\ \hline \multicolumn{11}{|l|}{ FICA - Social Security } \\ \hline FICA - Medicare & & & & & & & & & & 4 \\ \hline \multicolumn{11}{|l|}{ FUTA } \\ \hline \multicolumn{11}{|l|}{ SUTA } \\ \hline \multicolumn{11}{|l|}{ Health Insurance } \\ \hline \multicolumn{11}{|l|}{ Pension } \\ \hline Total Payroll Expense & & & & & & & & & & \\ \hline \end{tabular}

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