7 Check 12.5 points Problem 9-3A (Algo) Payroll expenses, withholdings, and taxes LO P2, P3 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. Book Name Dali Print Trey Kiesha Chee Gross Pay through August 187 $124,000 134,900 9,200 3,150 Current Week Gross Pay $ 4,900 Income Tax Withholding $ 5821 2,800 290 57 46 1,800 1,600 In addition to gross pay, the company must pay one-half of the $102 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.): 1) Employees' FICA Withholdings for Social Security Employee Tax Rate Dali Trey Kiesha Chee Earnings Subject to Tax Tax Rate Tax Amount 2) Employees' FICA Withholdings for Medicare Employee Total $ 0.00 Earnings Subject to Tax Tax Rate Tax Amount 2) Employees' FICA Withholdings for Medicare Employee Tax Rate Dali Trey Kiesha Chee Earnings Subject to Tax Tax Rate Tax Amount 3) Employer's FICA Taxes for Social Security Employee Tax Rate Dali Trey Kiesha Chee Total $ 0.00 Earnings Subject to Tax Tax Rate Tax Amount 4) Employer's FICA Taxes for Medicare Employee Tax Rate Dali Trey Kiesha Chee 5) Employer's FUTA Taxes Total $ 0.00 Earnings Subject to Tax Tax Rate Tax Amount Total $ 0.00 Chapter 9: Homework 7 5) Employer's FUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount 12.5 points Tax Rate Dali Trey Kiesha Chee eBook Saved Total $ 0.00 Print 6) Employer's SUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate: Dali Trey Kiesha Chee 7) Each Employee's Net (take-home) Pay Total $ 0.00 Employee Dali Trey Kisha Chee Total Gross Pay $ Income tax withholding 290.00 4,900.00 $ 2,800.00 $ 1.800.00 $ 1,600.00 $ 582.00 46.00 11,100.00 57.00 975.00 FICA-Social Security 0.00 FICA-Medicare 0.00 Health Insurance Net Pay 8) Employer's Total Payroll-Related Expense for Each Employee. 0.00 $ 0.00 Employee Coner Day Dali 4.00000 Trey 290000 Kiesha Chee Total 1.900.00 c 1 6:00:00 11 100 00 Chapter 9: Homework 12.5 points Employee Subject to Tax Tax Amount 7 Tax Rate Dali Trey Kiesha Chee eBook 7) Each Employee's Net (take-home) Pay Total $ 0.00 Employee Dali Trey Kiesha Chee Total Print Gross Pay $ Income tax withholding 4,900.00 $ 582.00 2,800.00 $ 290.00 1,800.00 $ 1,600.00 $ 11,100.00 57.00 46.00 975.00 FICA-Social Security 0.00 FICA Medicare 0.00 Health Insurance Net Pay 8) Employer's Total Payroll-Related Expense for Each Employee. 0.00 $ 0.00 Employee Dali Trey Kiesha Chee Total Gross Pay S 4,900.00 $ 2,800.00 $ 1,800.00 $ 1,600.00 $ 11,100.00 FICA-Social Security 0.00 0.00 0.00 0.00 0.00 FICA- Medicare 0.00 0.00 0.00 0.00 0.00 FUTA 0.00 0.00 0.00 0.00 0.00 SUTA 0.00 0.00 0.00 0.00 0.00 Health Insurance 00.00 Pension 0.00 Total Payroll Expense $ 4,900.00 $ 2,800.00 $ 1,800.00 $ 1,600.00 S 11,100.00