900 145 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 Gross Pay through Income Tax Name August 18 Gross Pay Withholding Dali $ 136,600 $ 2,800 $ 284 Trey 136,800 Kiesha 6,900 450 39 Chee 1,250 400 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 calculations and final answers to 2 decimal places.) 1) Employees' FICA Withholdings for Social Security Employee Earnings Tax Rate Subject to Tax Tax Amount Tax Rate Dali 6.20% 6.20% $ 2,000.00 900.00 6.20% 55.80 Trey Kiesha 450.00 6.20% 27.90 Chee 400.00 6.20% 24.80 Total $ 108.50 2) Employees' FICA Withholdings for Medicare Employee Earnings Tax Rate Subject to Tax Tax Amount Tax Rate 1.45% Dali Trey Kiesha Chee Total $ 0.00 3) Employer's FICA Taxes for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate 6.20% Dali Trey Kiesha Chee Total $ 0.00 4) Employer's FICA Taxes for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount 1.45% Tax Rate Dali Trey Kiesha Chee Total $ 0.00 5) Employer's FUTA Taxes Employee Earnings Subject to Tax Tax Rato Tax Amount Tax Rate 0.60% 3:20 0.00 Dali Trey Kiesha 0.60% 0.60% 0.00 Chee Total $ 0.00 Ees 6) Employer's SUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate 5.40% Dali $ 0.00 5.40% 0.00 Trey Kiesha 5.40% Chee Total $ 0.00 Trey Klosha Chee Total 900.00 $ 450.00 $ 400.00 $ 3,750.00 7) Each Employeo's Net (take-home) Pay Employee Dall Gross Pay $ 2,000.00 $ Income tax withholding 284.00 FICA - Social Security FICA - Medicare Health Insurance Net Pay 145.00 39.00 30.00 498.00 55.80 27.90 24.80 05 108,50 0.00 0.00 $ 0.00 es Chee Total 8) Employer's Total Payroll-Related Expense for Each Employee Employee Dali Trey Kiesha Gross Pay $ 2,000.00 $ 900.00 $ 450.00 $ FICA- Social Security 0.00 0.00 0.00 FICA - Medicare 0.00 0.00 0.00 FUTA 0.00 0.00 0.00 SUTA 0.00 0.00 0.00 Health Insurance Pension Total Payroll Expense $ 2,000.00 $ 900.00 450.00 $ 400.00 $ 3.750.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.750,00 $ 400.00 $