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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 Ches Gross Day 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 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 Dall Trey Kesha Chee 1) Employees' FICA Withholdings for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 2) Employees' FICA Withholdings for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 3) Employer's FICA Taxes for Social Security Employee Earnings Tax Rate Subject to Tax Tax Amount Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 4) Employer's FICA Taxes for Medicare Employee Earnings Subject to Tax Tax Rato Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 5) Employer's FUTA Taxes Earnings Subject to Tax Tax Rate Tax Amount Employee Tax Rate Dali Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 6) Employer's SUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 Trey Kiesha Chee Total 7) Each Employee's Net (take-home) Pay Employee Dali Gross Pay $ 4,900.00 Income tax withholding 582.00 FICA - Social Security $ 1,800.00 $ 2,800.00 $ 290.00 1,600.00 $ 11,100.00 46.00 975.00 57.00 0.00 Total > 0.00 7) Each Employee's Net (take-home) Pay Employee Dali Trey Klesha Chee Total $ 4,900.00 $ 2,800.00 $ 1,800.00 $ Gross Pay Income tax withholding FICA - Social Security 1,600.00 $ 11,100.00 46.00 975.00 582.00 290.00 57.00 0.00 FICA - Medicare 0.00 0.00 ces Health Insurance Net Pay $ 0.00 8) Employer's Total Payroll-Related Expense for Each Employee. Employee Dali Trey Kiesha Gross Pay $ 4,900.00 $ 2,800.00 $ 1,800.00 $ FICA - Social Security 0.00 0.00 0.00 FICA - Medicare 0.00 0.00 0.00 FUTA 0.00 0.00 0.00 SUTA 0.00 0.00 0.00 Chee Total 1,600.00 $ 11,100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Health Insurance 0.00 0.00 Pension Total Payroll Expense $ 4,900.00 $ 2,800.00 $ 1,800.00 $ 1,600.00 $ 11,100.00

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