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Paloma Co. has four employees FICA Social Security taxes are 62% of the first 5128,400 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 62% of the first 5128,400 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. Also, for the first $7000 paid to each employee, the company's FUTA taxes are 06% 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 Dall Trey Kiesha Chpe Gross Pay through Aug. 18 $123,600 125,800 9,600 3,550 Current Week Income Tax Gross Pay withholding 55,800 $ 639 2,600 255 1,200 51 1,600 49 In addition to gross pay, the company must pay one-half of the $10 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.) Compute the following for the week ended August 25. (Round your intermediate calculations and places.): 1) Employees' FICA Withholdings for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 2) Employees' FICA Withholdings for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 3) Employer's FICA Taxes for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 4) Employer's FICA Taxes for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Klesha Chee Total 5) Employer's FUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 6) Employer's SUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total 7) Each Employee's Net (take-home) Pay Employee Dali Trey Kiesha Chee Total $ 5,800.00 2,600.00 $ 1,200 $ 1,600.00 $ 11,200.00 639 00 Gross Pay Income tax withholding FICA - Social Security FICA - Medicare 258.00 61.00 49.00 1,00700 Health Insurance Net Pay Chee Total 8) Employer's total payroll-related expense for each employee. Employee Dali Trey Kiesha Gross Pay $ 5,800.00 $ 2,600.00 $ 1,200.00 FICA - Social Security $ 1,600.00 $ 11,200.00 FICA - Medicare FUTA SUTA Health Insurance Pension Total Payroll Expense

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