4 Chapter 9 Exercises and Problems 19 pom Savee Help Save & Exit Submit Problem 9-3A...

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4 Chapter 9 Exercises and Problems 19 pom Savee Help Save & Exit Submit Problem 9-3A (Static) Payroll expenses, withholdings, and taxes LO P2, P3 Check my work 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 Current Week eBook P Name Gross Pay through August 18 Dali Gross Pay: $ 2,000 Income Tax Withholding $ 284 Trey Kiesha Chee 900 145 450 39 400 30 $ 136,600 136,800 6,900 1,250 In addition to gross pay, the company must pay two-thirds of the $60 per employee weekly health insurance, each employee pays the remaining one-third. 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.) 1) Employees' FICA Withholdings for Social Security 4 Chapter 9 Exercises and Problems 19 pom Savee Help Save & Exit Submit Problem 9-3A (Static) Payroll expenses, withholdings, and taxes LO P2, P3 Check my work 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 Current Week eBook P Name Gross Pay through August 18 Dali Gross Pay: $ 2,000 Income Tax Withholding $ 284 Trey Kiesha Chee 900 145 450 39 400 30 $ 136,600 136,800 6,900 1,250 In addition to gross pay, the company must pay two-thirds of the $60 per employee weekly health insurance, each employee pays the remaining one-third. 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.) 1) Employees' FICA Withholdings for Social Security