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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%

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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% 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. In addition to gross pay, the company must pay one-half of the $82 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. Note: Round your intermediate calculations and final answers to 2 decimal places. Answer is not complete. 3) Employer's FICA Taxes for Social Security \begin{tabular}{|l|c|c|c|} \hline Employee & EarningsSubjecttoTax & Tax Rate & TaxAmount \\ \hline Tax Rate & & 6.20% & \\ \hline Dali & $4,300.00 & 6.20% & $266.60 \\ \hline Trey & 2,800.00 & 6.20% & 173.60 \\ \hline Kiesha & 1,600.00 & 6.20% & 99.20 \\ \hline Chee & 1,600.00 & 6.20% & 99.20 \\ \hline & & Total & $38.60 \\ \hline \end{tabular} 4) Employer's FICA Taxes for Medicare 5) Employer's FUTA Taxes 6) Employer's SUTA Taxes 8) Employer's Total Payroll-Related Expense for Each Employee. \begin{tabular}{|l|r|r|r|r|r|} \hline Employee & \multicolumn{1}{|c|}{ Dali } & \multicolumn{1}{c|}{ Trey } & \multicolumn{1}{c|}{ Kiesha } & \multicolumn{1}{c|}{ Chee } & \multicolumn{1}{c|}{ Total } \\ \hline Gross Pay & $5,800.00 & $2,200.00 & $1,400.00 & $1,600.00 & $11,000.00 \\ \hline FICA - Social Security & 266.60 & 173.60 & 99.20 & 99.20 & 638.60 \\ \hline FICA - Medicare & 62.35 & 0.00 & 0.00 & 0.00 & 62.35 \\ \hline FUTA & 0.00 & 0.00 & 0.00 & 9.60 & 9.60 \\ \hline SUTA & 0.00 & 0.00 & 0.00 & 86.40 & 86.40 \\ \hline Health Insurance & & & & & 0.00 \\ \hline Pension & & & & & 0.00 \\ \hline Total Payroll Expense & $6,128.95 & $2,373.60 & $1,499.20 & $1,795.20 & $11,796.95 \\ \hline \hline \end{tabular}

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