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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 Gross Pay Income Tax Name through Aug 18 Gross Pay Withholding DO $120,000 $3,400 $ 298 Trey 125,600 2,800 Kies 7.200 1,600 1,150 1,000 31 129 40 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-hall 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.) 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 Earnings Subject to T Tax Rate Tax Amount Tax Rate Dal Trey Kesha Total 2) Employees' FICA Withholdings for Medicare Employee Earnings Subject to Tax Tex Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 3) Employer's FICA Taxes for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 4) Employer's FICA Taxes for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dall Trey Kiesha Chee Total 5) Employer's FUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 5) Employer's SUTA Taxes Earnings Subject to Tax Tax Rate Tax Amount Employee Tax Rate Dali Trey Kiesha Chee Total 7) Each Employee's Net (take-home) Pay Employee Dali Trey Kiesha Chee Total $ 3,400.00 $ $ 1,000.00 $ Gross Pay Income tax withholding FICA - Social Security FICA - Medicare 2.800.00 $ 129.00 1,600.00 40.00 298.00 8,800.00 498.00 31.00 Health Insurance Net Pay 2) Each Employee's Net (take home) Pay Deli Trey Klesha Chee Total $ 3,400.00 $ 2,800.00 $ 1,000.00 $ 8,800.00 Employee Gross Pay Income tax withholding FICA - Social Security FICA - Medicare 1,600.00 40.00 298.00 129.00 31.00 498.00 Health Insurance Net Pay Total 8) Employer's total payroll-related expense for each employee. Employee Dali Trey Kiesha Gross Pay $ 3,400.00 2,800.00 $ 1,600.00 FICA - Social Security FICA - Medicare Chee 1,000.00 $ 8,800.00 FUTA SUTA Health Insurance Pension Total Payroll Expense

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