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Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45%

Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $137,700 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 5.4%. 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 August 18 Gross Pay Income Tax Withholding
Dali $ 136,600 $ 2,000 $ 284
Trey 136,800 900 145
Kiesha 6,900 450 39
Chee 1,250 400 30

In addition to gross pay, the company must pay two-thirds of the $60 per employee weekly health insurance; each employee pays the remaining one-third. 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.)

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed 1) Employees' FICA Withholdings for Social Security 2) Employees' FICA Withholdings for Medicare 3) Employer's FICA Taxes for Social Security \begin{tabular}{l|l|l|l|l|l|l} \hline Employee & EarningsSubjecttoTax & Tax Rate & Tax Amount & \\ \hline Tax Rate & & \multicolumn{2}{|c|}{0.60%} & & & \\ \hline Dali & & & & & & \\ \hline Trey & & & & & & \\ \hline Kiesha & & & & & & \\ \hline Chee & & & & & & \\ \hline \end{tabular} 4) Employer's FICA Taxes for Medicare \begin{tabular}{l|l|l|l|l|l|l} Employee & EarningsSubjecttoTax & Tax Rate & Tax Amount & \\ \hline Tax Rate & & \multicolumn{2}{|c|}{5.40%} & & & \\ \hline Dali & & & & & & \\ \hline Trey & & & & & & \\ \hline Kiesha & & & & & & \\ \hline Chee & & & & & \\ \hline & & & & & \\ \hline \end{tabular} 5) Employer's FUTA Taxes \begin{tabular}{|l|l|l|l|} \hline Employee & EarningsSubjecttoTax & Tax Rate & Tax Amount \\ \hline Tax Rate & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline Kiesha & & & \\ \hline Chee & & & \\ \hline & & Total & $1 \\ \hline \end{tabular} 6) Employer's SUTA Taxes Employee Tax Rate Dali Trey Kiesha Chee Earnings Subject to Tax Tax Rate \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & Total & $0.00 \\ \hline \end{tabular} 71 Eanh Emnlavoo'e Mat Itako_hamol Doul

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