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		$	116,000				$	4,000				$	568
Trey			116,650					1,850					298
Kiesha			9,100					650					56
Chee			3,050					600					45

In addition to gross pay, the company must pay one-half of the $100 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.):

5) Employer's FUTA Taxes
Employee	Earnings Subject to Tax	Tax Rate	Tax Amount
Dali
Trey
Kiesha
Chee
		Total	$0.00
6) Employer's SUTA Taxes
Employee	Earnings Subject to Tax	Tax Rate	Tax Amount
Dali
Trey
Kiesha
Chee
		Total	$0.00
7) Each Employee's Net (take-home) Pay
Employee	Dali	Trey	Kiesha	Chee	Total
Gross Pay	$4,000.00	$1,850.00	$650.00	$600.00	$7,100.00
Income tax withholding	568.00	298.00	56.00	45.00	967.00
FICA - Social Security		114.70	40.30	37.20	192.20
FICA - Medicare					0.00
Health Insurance					0.00
Net Pay					$0.00
8) Total Payroll Related Expense for Each Employee
Employee	Dali	Trey	Kiesha	Chee	Total
Gross Pay	$4,000.00	$1,850.00	$650.00	$600.00	$7,100.00
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	$4,000.00	$1,850.00	$650.00	$600.00	$7,100.00