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 companys 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 companys four employees.

						Current Week
Name	Gross Pay through Aug. 18					Gross Pay					Income Tax Withholding
Dali		$	117,800				$	2,400				$	341
Trey			118,000					500					81
Kiesha			7,500					490					42
Chee			1,450					440					33

In addition to gross pay, the company must pay one-half of the $68 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.):

) Employees' FICA Withholdings for Social Security

Employee

Earnings Subject to Tax

Tax Rate

Tax Amount

Dali

not attempted

6.20%selected answer correct

not attempted

Trey

not attempted

Kiesha

not attempted

Chee

not attempted

Total

$0.00

) Employees' FICA Withholdings for Medicare

Employee

Earnings Subject to Tax

Tax Rate

Tax Amount

Dali

not attempted

not attempted

not attempted

Trey

not attempted

Kiesha

not attempted

Chee

not attempted

Total

$0.00

Employer's FICA Taxes for Social Security
Employee	Earnings Subject to Tax	Tax Rate	Tax Amount
Dali	not attempted	not attempted	not attempted
Trey	not attempted
Kiesha	not attempted
Chee	not attempted
		Total	$0.00
4) Employer's FICA Taxes for Medicare
Employee	Earnings Subject to Tax	Tax Rate	Tax Amount
Dali	not attempted	not attempted	not attempted
Trey	not attempted
Kiesha	not attempted
Chee	not attempted
		Total	$0.00

5) Employer's FUTA Taxes
Employee	Earnings Subject to Tax	Tax Rate	Tax Amount
Dali	not attempted	not attempted
Trey	not attempted
Kiesha	not attempted
Chee	not attempted
		Total	$0.00

6) Employer's SUTA Taxes
Employee	Earnings Subject to Tax	Tax Rate	Tax Amount
Dali	not attempted	not attempted
Trey	not attempted
Kiesha	not attempted
Chee	not attempted
		Total	$0.00

7) Each Employee's Net (take-home) Pay
Employee	Dali	Trey	Kiesha	Chee	Total
Gross Pay	$2,400.00	$500.00	$490.00	$440.00	$3,830.00
Income tax withholding	341.00	81.00	42.00	33.00	497.00
FICA - Social Security					0.00
FICA - Medicare					0.00
Health Insurance	not attempted	not attempted	not attempted	not attempted	0.00
Net Pay	not attempted	not attempted	not attempted	not attempted	$0.00
		nnot attemptednot attemptednot attempte

33

8) Total Payroll Related Expense for Each EmployeeEmployeeDaliTreyKieshaCheeTotalGross Pay$2,400.00$500.00$490.00$440.00$3,830.00FICA - Social Security0.000.000.000.000.00FICA - Medicare0.000.000.000.000.00FUTA0.000.000.000.000.00SUTA0.000.000.000.000.00Health Insurancenot attemptednot attemptednot attemptednot attempted0.00Pensionnot attemptednot attemptednot attemptednot attempted0.00Total Payroll Expense$2,400.00$500.00$490.00$440.00$3,830.00