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Paloma Co. has four employees. FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, and FICA Medicare taxes are 1.45%

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Paloma Co. has four employees. FICA Social Security taxes are 6.2% of the first $118,500 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 2.15%. 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 $116,200 116,850 Gross Income Tax Withholding Name Dali Trey Kiesha Chee Pay $4,400 1,650 690 640 $ 625 266 60 48 9,500 3,450 In addition to gross pay, the company must pay one-half of the $108 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 Intermedlate calculatlons and final answers to 2 declmal places.) 1) Employees' FICA Withholdings for Social Security Earnings Subject to Tax Tax Rate Tax Amount oyee Dali Trey Kiesha Chee Total

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