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Paloma Co, has four employees. FICA Social Security taxes are 6.2% of the first $128.400 pald 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 pald 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. Dali Gross Pay through Aug. 18 $123,900 125,600 9,300 3.250 Current Week Income Tax GrOSS Pay withholding $5,000 $ 595 2,800 2,000 2,000 282 Trey Kiesha Chee In addition to gross pay, the company must pay one-half of the $104 per employee weekly health insurance; each employee pays the remaining one-half. 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 Tax Rate Tax Rate Tax Am Tax Amount Subject to Tex Tax Rate Dali Total $ 0.00 2) Employees' FICA Withholdings for Medicare Earnings Employee Tax Rate Tax Amount Subject to Tax Thor Rate Total 3) Employer's FICA Taxes for Social Security Tax Rate 4 Employer's FICA Taces for Medicare Employee Earnings Tax Rate Te Amount Subject to Tax Tax Rate Dall : 181 I 5) Employer's FUTA Taxes S E Employee Earnings Subject to Tax Tax Rate Tax Rate Dali 81 31 TI 181 6) Employer's SUTA Taxes Employee Earnings Subject to Tax Tax Rate 3 8 Tax Rate Das - Total 0.00 Prev 6) Employer's BUTA Taxes Employee Tax Rate Te Amour Subject to Tak Chee Kesh Total 7) Each Employee's Net (take-home) Pay Employee Gross Pay $ 5,000.00 Income tax withholding 596.00 FICA - Social Security FICA - Medicare $ $ $ $ 11,800.00 2,800.00 282.00 2,000.00 58.00 2,000.00 47.00 Health Insurance Net Pay Trey Total $ Chee 2,000.00 0.00 $ 11,800.00 8) Employer's total payroll-related expense for each employee Employee Dali Kesha Gross Pay $ 5,000.00 $ 2,800.00 $ 2.000.00 FICA - Social Security 0.00 0.00 0.00 FICA - Medicare 0.00 0.00 0.00 FUTA 0.00 0.00 0.00 0.00 0.00 0.00 Pension Total Payroll Expense $ 5,000.00 $ 2,800.00 $ 2,000.00 $ 2,000.00 $ 11,800.00

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