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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%

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 companys 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 companys four employees. Current Week Name Gross Pay through Aug. 18 Gross Pay Income Tax Withholding Dali $ 123,600 $ 5,800 $ 639 Trey 125,800 2,600 258 Kiesha 9,600 1,200 61 Chee 3,550 1,600 49 In addition to gross pay, the company must pay one-half of the $110 per employee weekly health insurance; each employee pays the remaining one-half. The company also contributes an extra 8% of each employees 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 Earnings Subject to Tax Tax Rate Tax Amount
Tax Rate
Dali $12,480.00
Trey
Kiesha
Chee
Total $0.00
2) Employees' 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 $0.00

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otal 0.00 eBook 4) Employer's FICA Taxes for Medicare foto Employee Print Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali References Trey Kiesha Chee Total $ 0.00 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 6) Employer's SUTA Taxes points Employee Earnings Subject to Tax v Tax Rate Tax Amount eBook Tax Rate Dali Trey Print - Kiesha Chee Total $ 0.00 References 7) Each Employee's Net (take-home) Pay $ Dali 5,800.00 639.00 $ Trey 2,600.00 2 58.00 $ Kiesha 1.240.00 61.00 $ Chee 1,600.00 49.00 $ Employee Gross Pay Income tax withholding FICA - Social Security FICA - Medicare Health Insurance Net Pay Total 11,200.00 1,007.00 0.00 0.00 0.00 0.00 $ Chee 1.600.00 $ $ 0.00 8) Employer's total payroll-related expense for each employee. Employee Dali Trey Kiesha Gross Pay $ 5,800.00 $ 2,600.00 $ 1,200.00 FICA - Social Security 0.00 0.00 0.00 FICA - Medicare 0.00 0.00 0.00 FUTA 0.00 0.00 SUTA 0.00 0.00 Health Insurance Pension Total Pavroll Expense s 5.800.00 $ 2.600.00 $ 1.200.00 0.00 0.00 0.00 Total 11,200.00 0.00 0.00 0.00 0.00 0.00 0.00 11.200.00 0.00 $ 1.600.00 $

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