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Paloma Co. 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%

Paloma Co. 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 companys 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 companys four employees.

Current Week
Name Gross Pay through Aug. 18 Gross Pay Income Tax Withholding
Dali $ 124,000 $ 4,900 $ 582
Trey 130,100 2,800 290
Kiesha 9,200 1,800 57
Chee 3,150 1,600 46

In addition to gross pay, the company must pay one-half of the $102 per employee weekly health insurance; each employee pays the remaining one-half. The company also contributes an extra 8% of each employees gross pay (at no cost to employees) to a pension fund.

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 Subject to Tax Tax Rate Tax Amount
Tax Rate
Dali
Trey
Kiesha
Chee

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