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 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 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 Current Week Gross Pay Income Tax Withholding Name through Aug. 18 Gross Pay Dali Trey Kiesha Chee $117,400 117,600 6,900 1,250 $2,000 900 450 400 $ 284 145 39 30 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) Employees' FICA Withholdings for Social Security Earnings Employee Dali Trey Kiesha Chee Tax Rate Tax Amount Subject to Tax S 1,100.00 900.00 450.00 400.00 6.20% 6.20% 6.20% 6.20% 68.20 55.80 27.90 24.80 176.70 Tota S 2) Employees' FICA Withholdings for Medicare Earnings Employee Dali Trey Kiesha Chee Tax Rate Tax Amount Subject to Tax $ 2,000.00 900.00 450.00 400.00 1.45% 1.45% 1.45% 1.45% $ 29.00 13.05 6.53 5.80 54.38 Tota S 3) Employer's FICA Taxes for Social Security Earnings Employee Dali Trey Kiesha Chee Tax Rate Tax Amount Subject to Tax S 1,100.00 900.00 450.00 400.00 6.20% 6.20% 6.20% 6.20% $ 68.20 55.80 27.90 24.80 176.70 Tota S 4) Employer's FICA Taxes for Medicare Employee Earnings Tax Rate Tax Amount Dali Trey Kiesha Chee Subject to Tax $ 2,000.00 900.00 450.00 400.00 1.45% 1.45% 1.45% 1.45% 29.00 13.05 6.53 5.80 54.38 $ Tota S 5) Employer's FUTA Taxes Earnings Employee Tax Rate Tax Amount Dali Trey Kiesha Chee Subject to Tax 0.00 0.00 0.00 400.00 0.60% 0.60% Tota S 0.00 6) Employer's SUTA Taxes Earnings Employee Tax Rate Tax Amount Dali Trey Kiesha Chee Subject to Tax 0.00 0.00 0.00 400.00 2.15% 2.15% Total $ 0.00 7) Each Employee's Net (take-home) Pay Employee Gross Pay Income tax withholding FICA Social Security FICA - Medicare Health Insurance Net Pay Dali Trey Kiesha Chee Total $ 2,000.00 S 900.00 $ 284.00 68.20 29.00 30.00 145.00 55.80 13.05 30.00 450.00 $ 39.00 27.90 6.53 30.00 400.00 $3,750.00 498.00 176.70 54.38 120.00 9.00$ 2,600.48 30.00 24.80 5.80 30.00 S 1,588.80S 656.15$ 346.53$ 8) Total Payroll Related Expense for Each Employee Employee Gross Pay FICA - Social Security FICA - Medicare FUTA SUTA Health Insurance Pension Total Payroll Expense Dali Trey Kiesha Chee Total 900.00 $ 450.00 $ 27.90 6.53 0.00 0.00 $ 2,000.00$ 400.00 $3,750.00 176.70 54.38 0.00 0.00 0.00 0.00 430.60 $3,981.08 68.20 29.00 0.00 0.00 55.80 13.05 0.00 0.00 24.80 5.80 0.00 0.00 $ 2,097.20 $ 968.85 $ 484.43 $