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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. Current Week Gross Pay Income Tax Gross Pay $5,800 2,200 1,400 1,600 Withholding $ 440 through Aug. 18 $125,000 126,200 8,200 2,150 Name Dali Trey Kiesha 371 49 Chee 38 In addition to gross pay, the company must pay one-half of the $82 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 laces.) 1) Employees' FICA Withholdings for Social Security Earnings Subject to Tax Employee Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 2) Employees' FICA Withholdings for Medicare Earnings Subject to Tax Tax Amount Employee Tax Rate Tax Rate Dali Trey Kiesha Chee Total 3) Employer's FICA Taxes for Social Security Earnings Subject to Tax Tax Rate Employee Tax Amount Tax Rate Dali Trey Kiesha Chee Total 4) Employer's FICA Taxes for Medicare Earnings Subject to Tax Employee Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 6) Employer's SUTA Taxes Earnings Subject to Tax Employee Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee 0.00 Total 7) Each Employee's Net (take-home) Pay Dali Employee Kiesha Trey Chee Total 5,800.00 $ Gross Pay S $ 2,200.00 1,400.00 1,600.00 11,000.00 Income tax withholding 371.00 38.00 898.00 440.00 49.00 FICA- Social Security 0.00 FICA Medicare 0.00 Health Insurance 0.00 Net Pay 0.00 8) Employer's total payroll-related expense for each employee. Dali Employee Trey Kiesha Chee Total Gross Pay 5,800.00 1,400.00 $ $ 2,200.00 1,600.00 11,000.00 FICA-Social Security 0.00 0.00 0.00 0.00 0.00 FICA-Medicare 0.00 0.00 0.00 0.00 0.00 FUTA 0.00 0.00 0.00 0.00 0.00 SUTA 0.00 0.00 0.00 0.00 0.00 Health Insurance 0.00 Pension 0.00 Total Payroll Expense 1,400.00 $ 5,800.00 2,200.00 1,600.00 11,000.00

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