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Paloma Company has four employees FICA Social Security taxes are 62% of the first $137.700 paid to each employee, and FICA Medicare taxes are 145%

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Paloma Company has four employees FICA Social Security taxes are 62% of the first $137.700 paid to each employee, and FICA Medicare taxes are 145% of gross pay. Also, for the first $7,000 paid to each employee, the company's FUTA taxes are 06% 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 ball Trey Kesha -chee Gross Pay through August 18 $ 124,000 134,900 9,200 3,150 Current Week Income Tax Gross Pay withholding $ 4,900 $ 582 2.800 200 1,500 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 the remaining one halt. The company also contributes an extra 8% of each employee's gross pay (at no cost to employees) to a pension lund Required: Compute the following for the week ended August 25. (Round your intermediate calculations and final answers to 2 decimal places.) Tax Amount 1) Employees' FICA Withholdings for Social Security Employee Earrings Tax Rato Subject to Tax Tax Rate DA Troy Kesha Choo Total Tax Amount 2) Employees' FICA Withholdings for Medicare Large Employon Tax Rate Subject to Tax Tax Rate D Try Gosha 2) Employees' FICA Withholdings for Medicare Earnings Employee Tax Rate Subject to Tax Tax Amount Tax Rate Das Trey Kesha Chee Total Tax Amount Ences 3) Employer's FICA Taxes for Social Security Employee Earnings Tax Rate Subject to Tax Tax Rate Dali Trey Kesha Chee Total 4) Employer's FICA Taxes for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kesha Chee Total 5) Employer's FUTA Taxes Tax Rate Tax Amount Earnings Subject to Tax Employee Tax Rate Dali Trey Klesha Chee Total 6) Employer's SUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total Dali Trey Kiesha Chee Total 2,800.00 5 1.600.00 1.800.00 $ 57.00 S 7) Each Employee's Net (take-home) Pay Employee Gross Pay $ 4.900.00 $ Income tax withholding 582.00 FICA - Social Security FICA - Medicare Health Insurance Net Pay 11.100.00 290.00 46.00 975.00 8) Employer's Total Payroll Related Expense for Each Employee Employee Dali Kiesha Trey Chee Total Employee Dali Trey Kiesha Chee Total $ 4,900.00 $ 582,00 2,800.00 $ 290.00 1.800.00 $ 57.00 1,600.00 $ 11,100.00 46.00 975.00 Gross Pay Income tax withholding FICA - Social Security FICA - Medicare Health Insurance Net Pay Chee Total 1,600.00 $ 11,100.00 8) Employer's Total Payroll Related Expense for Each Employee Employee Dall Tray Kiesha Gross Pay $ 4,900.00 $ 2,800.00 $ 1.800.00 $ FICA - Social Security FICA - Medicare FUTA SUTA Health Insurance Pension Total Payroll Expense

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