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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 145%

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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 145% 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. Gross Pay Name Dal Trey Kiesha Current Week Income Tax Gross Pay Withholding $2,100 $ 298 800 129 $117,500 117,700 7,280 1,150 In addition to gross pay, the company must pay one-half of the $62 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 Subject to Tax Tax Rate Tax Amount Dali Trey Kinch 1) Employees' FICA Withholdings for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Dali Trey Kiesha Choe 2) Employees' FICA Withholdings for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Dali Irey Kiesha Choe Total 3) Employer's FICA Taxes for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount ere to search 3) Employer's FICA Taxes for Social Security Employee Earnings Subject to Tax Del ax Rate Tax Amount Trey Kesha Chee 4) Employer's FICA Taxes for Medicare Employee Earnings Subject to Tax lax Rate Dal Tax Amount Trey Kesha Chee Total Employer's FUTA Taxes Employee Earnings Subject to Tak Tax Rate Tax Amount to search 6) Employer's FUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Rate Tax Amount Dali rey Kiesha BOOK Ca ASK Print erences 6) Employer's SUTA Taxes Employee Earnings Subject to Tax Ta Tax Rate Tax Amount Dali - Trey Kiosha Chee 7) Each Employee's Net (take-home) Pay Employee Dali Gross Pay $ 2.100.00 Income tax withholding 298.00 Total $ Trey 800.00 129.00 Kiesha S 460 00 40.00 S Chee 410.00 31.00 $ 3.770 00 498 00 e here to search Dali Trey $ Total 7) Each Employee's Net (take home) Pay Employee Cross Pay $ 2.100.00 Income tax withholding 298.00 FICA - Social Security FICA - Medicare Health Insurance Net Pay 800.00 $ 400.00 41000 129.00 3.770.00 Kiesha $ 460.00 Chee 41000 $ Total 3.770.00 $ 8) Total Payroll Related Expense for Each Employee Employee Dali Trey Gross Pay $ 2,100.00 $ 800.00 FICA - Social Security FICA-Medicare FUTA SUTA Health Insurance Pension Total Payroll Expense

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