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 145% of gross Day. Also, for the first $7.000 paid to each employee, the company's FUTA taxes are 0.5% and SUTA taxes are 5.4%. The company is preparing its payroll calculations for the week ended August 25 Payroll records show the folowing information for the company's four employees. Current Week Cross Pay through Aug. 18 $125,200 Trey 125,200 Xosha 8,000 Chee 1,950 Income Tax Withholding $ 412 Cross Pay $4, BOO 3,200 1,200 1,800 In addition to gross pay, the company must pay one-half of the $78 per employee weekly health insurance; each employee pays the remaining one-hait. 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 Earnings Tax Employee Subject to Tax Rate Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 2) Employees' FICA Withholdings for Medicare Earnings Tax Employee Subject to Tax Rate Amount Tax Tax Rate Dali Trey Kiesha Chee Total S 0.00 3) Employer's FICA Taxes for Social Security Earnings Tax Employee Subject to Tax Rate Amount Tax Rate Dali Trey Kisha Employee Subject to Tax Rate Amount Tax Rate Dali Trey Kiesha Chee Total S 0.00 4) Employer's FICA Taxes for Medicare Earnings Employee Subject to Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 5) Employer's FUTA Taxes Earnings Employee Subject to Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 Tax Tax Rate Amount 6) Employer's SUTA Taxes Earnings Employee Subject to Tax Tax Rate Dal Trey Kiesha Cheer Total $ 0.00 Total 7) Each Employee's Net (take-home) Pay Employee Dali Trey Kiesha Chee Gross Pay $4,800.00 $3,200.00 $1,200.00 $1,800.00 Income tax 412.00 387.00 47.00 37.00 withholding FICA - Social 11,000.00 883.00 0.00 Security 5) Employer's FUTA Taxes Earnings Tax Employee Subject to Tax Rate Amount Tax Tax Rate Dali Trey Kiosha Chee Total $ 0.00 6) Employer's SUTA Taxes Earnings Employee Subject to Tax Rate Tax Amount Tax Rate Dall Trey Kiesha Chee Total $ 0.00 Total 1.000.00 883.00 7) Each Employee's Net (take-home) Pay Employee Dali Trey Kiesha Chee Gross Pay $4,800.00 $3,200.00 $1,200.00 $1,800.00 Income tax 412.00 37 387.00 47.00 37.00 withholding FICA - Social Seounty FICA - Medicare Health Insurance Net Pay 0.00 0.00 0.00 0.00l $ 8) Employer's total payroll-related expense for each employee. Employee Dali Trey Kiesha Chee Total Gross Pay $4,800.00 $3,200.00 $1,200.00 $1,800.00 11,000.00 FICA - Social 0.00 0.00 0.00 0.00 0.00 Seounty FICA - Medicare 0.00 0.00 0.00 0.00 0.00 FUTA 0.00 0.00 0.00 0.00 0.00 SUTA 0.00 0.00 0.00 0.00 0.00 Health Insurance 0.00 Pension 10.00 Total Payroll $4,800.00 $3,200.00 $1.200.00 $1,800.00 11,000.00 Expense
