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Chi 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

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Chi 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. Name Dali Trey Kiesha Chee Gross Pay through Aug. 18 $124,800 126,000 8,400 2,350 Current Week Income Tax Gross Pay withholding $5,000 $ 469 2,400 354 2,000 50 1,400 40 In addition to gross pay, the company must pay one-half of the $86 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 Tax Rate Subject to Tax Tax 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 0.00 3) Employer's FICA Taxes for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 4) Employer's FICA Taxes for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 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 Tax Rate Tax Amount Subject to Tax Tax Rate + Dali Brey Kiesha Chee TO 0 0.00 tem Next > Each Employee's Net (take home) Pay Employee Dali Trey Kiesha Chee Total $ 5,000.00 469.00 2,400.00 $ 354.00 10,800.00 2,000.00 $ 50.00 1,400.00 $ 40.00 913.00 Gross Pay Income tax withholding FICA - Social Security FICA - Medicare Health Insurance 0.00 0.00 0.00 Net Pay $ 0.00 Chee Total $ 1.400.00 $ 10 800.00 8) Employer's total payroll-related expense for each employee. Employee Dali Trey Kiesha Gross Pay $ 5,000.00 $ 2.400.00 $ 2.000.00 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 0.00 0.00 + 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Health Insurance 0.00 Pension Total Payroll Expense $ S S 5.000.00 2.000.00 2.400.00 10 800.00 1140000

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