Che Paloma Co. has four employees. FICA Social Security taxes are 6.2 % of the first $128,400 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 Aug. 18 $125,500 125,800 Income Tax Gross Pay $3,400 2,6ee 1,800 1,000 withholding $ 369 411 Name Dali Trey Kiesha 7,700 1,65e 44 Chee 35 In addition to gross pay, the company must pay one-half of the $72 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 Earnings Subject to Tax Employee Tax Rate Amount 1 Employees FICA Withholdings for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 2) Employees FICA Withholdings for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ CPey Nexti 3) Employer's FRCA Taxes for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total S 0.00 4) Employer's FICA Taxes for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey 47 Kiesha Chee Total S 0.00 5) Employer's FUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0 00 6) Employer's SUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Etrey Kiesha Che Total 0:00 K Prev OEach Employee's Net (take-home) Pay Employee Dali Trey Kiesha Chee Total Gross Pay 3,400.00 S 2,600.00 1,800.00 1,000.00 8,800.00 Income tax withholding 369.00 411.00 44.00 35.00 859 00 FICA-Social Security 0.00 FICA Medicare 0.00 Health Insurance 0.00 Net Pay 0 00 8) Employer's total payroll-related expense for each employee Employee Dali Trey Kiesha Chee Total Gross Pay 3.400 00 2600.00 1 800 00 1.000 00 $ 8.800 00 FICA-Social Security 0.00 0.00 0.00 0.00 000 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 00 000 Health Insurance 0 00 Penslon Total Payroll Expense 3.400 00 2 600.00 S 800 00 S 1.000 00 B.800 00 K Prev 7a 13 Next> Paloma Co. has four employees. FICA Social Security taxes are 6.2 % of the first $128,400 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 Aug. 18 $125,see 125,800 7,700 Income Tax Name Gross Pay $3,400 2,600 Withholding $ 369 411 Dali Trey Kiesha 1,80 44 Chee 1,650 1,000 35 In addition to gross pay, the company must pay one-half of the $72 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 Earnings Subject to Tax Tax Rate x Amount
