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Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $137700 paid to each employee, and FICA Medicare taxes are 1.45%

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Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $137700 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 through Income Tax Name August 18 Gross Pay Withholding Dali $ 124,200 $ 4,700 $ 554 Trey 134,300 3,400 306 Kiesha 9,000 1,600 55 Chee 2,950 1,000 44 In addition to gross pay, the company must pay one-half of the $98 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 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 Tax Amount 3) Employer's FICA Taxes for Social Security Earnings Employee Tax Rate Subject to Tax 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 Kiesha Chee Total 5) Employer's FUTA Taxes Earnings Employee Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total Tax Rate Tax Amount 6) Employer's SUTA Taxes Earnings Employee Subject to Tax Tax Rate Dali Trey Kiesha Chee Total Kiesha Chee Total Trey 3,400.00 $ 1,600.00 $ 1,000.00 $ 10,700.00 44.00 959.00 306.00 55.00 7) Each Employee's Net (take-home) Pay Employee Dali Gross Pay $ 4,700.00 $ Income tax withholding 554.00 FICA - Social Security FICA - Medicare Health Insurance Net Pay 8) Employer's Total Payroll-Related Expense for Each Employee. Employee Dali Trey Kiesha Gross Pay $ 4,700.00 $ 3,400.00 $ 1,600.00 $ FICA - Social Security FICA - Medicare Chee Total 1,000.00 $ 10,700.00 FUTA SUTA Health Insurance Pension Total Payroll Expense

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