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Paloma Co. has four employees. FIICA 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. FIICA 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 Income Tax Gross Pay through Aug. 18 $124,000 125,600 9, 200 3,150 Gross Pay Withholding $4,980 2,800 1,800 1,600 Name Dali $ 582 Trey Kiesha Chee 290 57 46 In addition to gross pay, the company must pay one-half of the $102 per employee weekly health insurance; each employee pays the remaining one-half. The company also contributes an extra 8% of each employee's gross pay (at no cost to employees) to a pension fund. Required: Compute the following for the week ended August 25. (Round your intermediate calculations and final answers to 2 decimal places.): 1) Employees' FICA Withholdings for Social Security Earnings Subject to Tax Employee Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee 2$ 0.00 Total 2) Employees' FICA Withholdings for Medicare Earnings Subject to Tax Employee Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 3) Employer's FICA Taxes for Social Security Earnings Subject to Tax Employee Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee 0.00 2$ Total 4) Employer's FICA Taxes for Medicare Earnings Subject to Tax Employee Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 5) Employer's FUTA Taxes Earnings Subject to Tax Employee Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 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 Employee Dali Trey Kiesha Chee Total Gross Pay 4,900.00 $ 2,800.00 $ 1,800.00 $ 1,600.00 $ 11,100.00 46.00 Income tax withholding 582.00 290.00 57.00 975.00 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. Employee Dali Trey Kiesha Chee Total 2,800.00 $ Gross Pay 4,900.00 $ 1,800.00 $ 1,600.00 11,100.00 FICA - Social Security FICA - Medicare 0.00 0.00 0.00 0.00 0.00 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 Total Payroll Expense 0.00 4,900.00 $ 2,800.00 $ 1,800.00 $ 1,600.00 11,100.00

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