9 Check my work Problem 11-3A Payroll expenses, withholdings, and taxes LO P2, P3 Paloma Co. has four employees, FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. Also, for the first $7000 paid to each employee, the company's FUTA taxes are 05% and SUTA taxes are 2.15%. The company is preparing its payroll calculations for the week ended August 25 Payroll records show the following infomation for the company's four employees. eBook Current Week Gross Pay through Aug. 18 Gross Pay Withholding Dali trey Kiesha Chee $117,400 117,600 6,900 1,250 2,000 900 450 400 284 145 Print 30 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 calc places.) ulations and final answers to 2 decimal 1) Employees' FICA Withholdings for Social Security Subject to Tax Tax Rate Tax Amount 68.20 55.80 27.90 24.80 Total176.70 Earnings $ 1,100.00 900.00 450.00 400.00 620% 6.20% 620% 20% Dai Chee 9 Check my work gs for Medicare Employee Subject to Tax Tax Rate Tax Amount Dal Trey Kiesha Chee points Total $ 0.00 s FICA Taxes for Social Security Print Subject to Tax Tax Rate ReferencesDal Trey Kiesha Chee Total rs FICA Taxes for Medicare Earnings Subject to Tax Tax Rate Tax Dal Trey Chee Total$ 0.00 9 Check my work s FUTA Taxes Earnings Subject to Tax Tax Rate Tax Amount Dali points Trey Chee Total S0.00 6) Employer's SUTA Taxes Earnings Subject to Taxax Rate Tax Amount References Dali Trey Kiesha Total 0.00 loyee's Net (take-home) Pay Dali Kiesha Chee Total Employee Gross Pay Income tax withholding FICA-Social Secuity FICA Medicare Health Insurance Net Pay 2,000.00900.00450.00$400.00 $ 3,750.00 498.00 176.70 0.00 0.00 0.00 39.00 27.90 30.00 284.00 68.20 145.00 5.80 24.80 K Prev 9 of 14 ll Next > 9 Check my work Trey Total0.00 points 7) Each Employee's Net (take-home) Pay Chee Total Gross Pay $ 2,000.00 s 284.00 90000|$ 450 001 s 400.00|$ 375000 Aincome tax withholding 45.00 39.00 30.00 FICA Social Security FICA Medicare Health Insurance 498.00 176.70 0.00 68.20 1 55.00 27.90 24.80 References Net Pay 8) Total Payroll Related Expense for Each E $ 2,000.00|$ 900 00|$ 450.00|$ 400.00-3, .00 Gross Pay FICA- Social Security FICA - Medicare FUTA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 o.c0 Health Insurance Pension Total Payroll Expense2000.00 0.00 0.00 40.00400.00 s 3,75000 900.00