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Need help with this problem. Thank you. Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $132,900 paid to each

Need help with this problem. Thank you.

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Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $132,900 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 Employee Tax Rate Dali Gross Pay through August 18 $ 125,800 130, 100 7,400 1,350 1) Employees' FICA Withholdings for Social Security Earnings Subject to Tax Trey Kiesha Chee In addition to gross pay, the company must pay one-half of the $66 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. Note: Round your intermediate calculations and final answers to 2 decimal places. Employee Gross Pay Tax Rate Dali Trey Kiesha Chee 2) Employees' FICA Withholdings for Medicare Earnings Subject to Tax $3,400 2,800 1,600 1,000 Current Week Tax Rate 3) Employer's FICA Taxes for Social Security Tax Rate Total Income Tax Withholding Total $327 97 42 32 Tax Amount Tax Amount 3) Employer's FICA Taxes for Social Security Earnings Subject to Tax Employee Tax Rate Dali Trey Kiesha Chee 4) Employer's FICA Taxes for Medicare Earnings Subject to Tax Employee Tax Rate Dali Trey Kiesha Chee 5) Employer's FUTA Taxes Employee Tax Rate Dali Trey Kiesha Chee 6) Employer's SUTA Taxes Employee Tax Rate Dali Trey Kiesha Chee Earnings Subject to Tax Gross Pay Income tax withholding FICA - Social Security FICA-Medicare 7) Each Employee's Net (take-home) Pay Employee Dali Health Insurance Net Pay Earnings Subject to Tax $ 3,400.00 $ 327.00 Tax Rate Total Tax Rate Total Tax Rate Total Tax Rate Total Tax Amount Tax Amount Tax Amount Tax Amount Trey 2,800.00 $ 97.00 Kiesha 8) Employer's total payroll-related expense for each employee. 1,600.00 $ 42.00 Chee 1,000.00 $ 32.00 Total 8,800.00 498.00 8) Employer's total payroll-related expense for each employee. Trey Employee Gross Pay FICA - Social Security FICA - Medicare FUTA SUTA Health Insurance Pension Total Payroll Expense Dali $ 3,400.00 $ 2,800.00 $ Kiesha 1,600.00 $ Chee 1,000.00 $ Total 8,800.00

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