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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 Name Dali Trey Kiesha Chee Gross Pay through Aug. 18 $124,300 124,800 Current Week Income Tax Gross Pay Withholding $4,600 $ 540 3,600 1,200 1.400 2.850 In addition to gross pay, the company must pay one-half of the $96 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.): 1) Employees' FICA Withholdings for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Cheer 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 4) Employer's FICA Taxes for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali 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 Subiect to Tay Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 $ Trey 3,600.00 314.00 Kiesha $ 1,200.00 55.00 $ 7) Each Employee's Net (take-home) Pay Employee Dali Gross Pay $ 4,600.00 Income tax withholding 540.00 FICA - Social Security FICA - Medicare Health Insurance Net Pay Chee 1,400.00 44.00 Total $ 10,800.00 9 53.00 0.00 0.00 0.00 $ 0.00 Total 10,800.00 $ $ 8) Employer's total payroll-related expense for each employee. Employee Dali Trey Kiesha Gross Pay $ 4,600.00 $ 3,600.00 $ 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 0.00 SUTA 0.00 0.00 0.00 Health Insurance Pension Total Payroll Expense $ 4,600.00 $ 3,600.00 $ 1,200.00 Chee 1,400.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10,800.00 $ 1,400.00 $

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