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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. Name Dali Trey Kiesha Chee Gross Pay through August 18 $ 124,000 134,900 9,200 3,150 Current Week Income Tax Gross Pay Withholding $ 4,900 $ 582 2,800 290 1,800 57 1,600 46 In addition to gross pay, the company must pay one-half of the $102 per employee weekly health insurance; each employee pays therremaining 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.): Trey Kiesha Chee Total 2,800.00 $ 1,800.00 $ 7) Each Employee's Net (take-home) Pay Employee Dall Gross Pay $ 4,900.00 $ Income tax withholding 582.00 FICA - Social Security 303.80 FICA - Medicare Health Insurance 290.00 57.00 1,600.00 $ 11,100.00 46.00 975.00 99.20 688.20 173.60 $2.05 111.60 26.10 40.60 23.20 160.95 0.00 Net Pay $ 0.00 Choo Total 8) Employer's Total Payroll-Related Expense for Each Employee Employee Dall Troy Kiosha Gross Pay 4,900.00 S 2,800.00 $ 1,800.00 FICA - Social Security 303.80 173.60 111.60 FICA - Medicare 71.05 40.60 26.10 $ $ 1,600.00 99.20 11,100.00 688.20 23.20 160.95 FUTA 0.00 0.00 0.00 9.60 9.60 0.00 0.00 0.00 86.40 86.40 SUTA Health Insurance Pension Total Payroll Expense 0.00 5,274.85 $ 3,014.20 $ 1,937.70 S 0.00 1,818.40 $ 12,045.15

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