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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 145%

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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 145% 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 $125,900 125,600 7,380 Current Week Income Tax Gross Pay Withholding $3,000 $ 312 2,800 113 1,400 41 1,800 32 ces 1,25e In addition to gross pay, the company must pay one-half of the $64 per employee weekly health insurance; each employee pays the fund. remaining one-half. The company also contributes an extra 8% of each employee's gross pay (at no cost to employees) to a pension 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 Subject to Tax Tax Rate Tax Rate Tax Amount Dal

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