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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 1.45%

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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 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. Current Week Name Dali Trey Kiesha Chee Gross Pay through Aug. 18 $127,300 127,5ee 6,988 1,25e Gross Pay $2,000 90e 450 400 Income Tax withholding $ 284 145 39 3e In addition to gross pay, the company must pay two-thirds of the $60 per employee weekly health insurance, each employee pays the remaining one-third. 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) Emplofees' FICA Withholdings for Social Security Employee Earnings Tax Rate Subject to Tax Tax Amount Tax Rate Inali 1) Employees' FICA Withholdings for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total S 0.00 2) Empl es' 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 S 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 S 0.00 51 Emnlover's FUTA Taxes 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 Total $ 0.00 7 Fan Cole Natale kamal Dau 7) Each Employee's Net (take-home) Pay Employee Dali Trey Kiesha Chee Total $ 2,000.00 $ 900.00 $ 450.00 $ 400.00 $ 3,750.00 284.00 145.00 39.00 30.00 498.00 Gross Pay Income tax withholding FICA - Social Security FICA - Medicare Health Insurance 0.00 0.00 0.00 Net Pay $ 0.00 Total Chee 400.00 $ $ 8) Employer's total payroll-related expense for each employee. Employee Dali Trey Kiesha Gross Pay $ 2,000.00 $ 900.00 450.00 $ FICA - Social Security 0.00 0.00 0.00 FICA - Medicare 0.00 0.00 0.00 FUTA 0.00 0.00 0.00 SUTA 0.00 0.00 0.00 0.00 3,750.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Health Insurance Pension Total Payroll Expense 0.00 3,750.00 2,000.00 $ 900.00 $ 450.00 $ 400.00 $

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