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	$ 123,900	$ 5,000	$ 596
Trey	134,900	2,800	282
Kiesha	9,300	2,000	58
Chee	3,250	2,000	47

In addition to gross pay, the company must pay one-half of the $104 per employee weekly health insurance; each employee pays the remaining one-half. 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.

Note: Round your intermediate calculations and final answers to 2 decimal places.

1) Employees' FICA Withholdings for Social Security \begin{tabular}{|c|c|c|c|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \multicolumn{4}{|l|}{ Tax Rate } \\ \hline \multicolumn{4}{|l|}{ Dali } \\ \hline \multicolumn{4}{|l|}{ Trey } \\ \hline \multicolumn{4}{|l|}{ Kiesha } \\ \hline \multicolumn{4}{|l|}{ Chee } \\ \hline & & Total & 0.00 \\ \hline \end{tabular} 2) Employees' FICA Withholdings for Medicare \begin{tabular}{|l|l|l|l|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline Kiesha & & & \\ \hline Chee & & & \\ \hline & & & \\ \hline \end{tabular} 3) Employer's FICA Taxes for Social Security \begin{tabular}{|c|c|c|c|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \multicolumn{4}{|l|}{ Tax Rate } \\ \hline \multicolumn{4}{|l|}{ Dali } \\ \hline \multicolumn{4}{|l|}{ Trey } \\ \hline \multicolumn{4}{|l|}{ Kiesha } \\ \hline \multicolumn{4}{|l|}{ Chee } \\ \hline & & Total & 0.00 \\ \hline \end{tabular} 4) Employer's FICA Taxes for Medicare \begin{tabular}{|c|c|c|c|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \multicolumn{4}{|l|}{ Tax Rate } \\ \hline \multicolumn{4}{|l|}{ Dali } \\ \hline \multicolumn{4}{|l|}{ Trey } \\ \hline \multicolumn{4}{|l|}{ Kiesha } \\ \hline \multicolumn{4}{|l|}{ Chee } \\ \hline & & Total & 0.00 \\ \hline \end{tabular} 5) Employer's FUTA Taxes \begin{tabular}{|l|l|l|l} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline Kiesha & & & \\ \hline Chee & & & \\ \hline \end{tabular} 6) Employer's SUTA Taxes \begin{tabular}{|l|l|l|l|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline Kiesha & & & \\ \hline Chee & & Total & $0.00 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{9}{|c|}{ 7) Each Employee's Net (take-home) Pay } & \multirow{2}{*}{\multicolumn{2}{|c|}{ Total }} \\ \hline Employee & \multicolumn{2}{|c|}{ Dali } & \multicolumn{2}{|r|}{ Trey } & \multicolumn{2}{|c|}{ Kiesha } & \multicolumn{2}{|r|}{ Chee } & & \\ \hline Gross Pay & $ & 5,000.00 & $ & 2,800.00 & $ & 2,000.00 & $ & 2,000.00 & $ & 11,800.00 \\ \hline Income tax withholding & & 596.00 & & 282.00 & & 58.00 & & 47.00 & & 983.00 \\ \hline FICA - Social Security & & & & & & & & & & 0.00 \\ \hline FICA - Medicare & & & & & & & & & & 0.00 \\ \hline Health Insurance & & & & & & & & & & 0.00 \\ \hline Net Pay & & & & & & & & & $ & 0.00 \\ \hline \multicolumn{11}{|c|}{ 8) Employer's Total Payroll-Related Expense for Each Employee. } \\ \hline Employee & \multicolumn{2}{|c|}{ Dali } & \multicolumn{2}{|r|}{ Trey } & \multicolumn{2}{|c|}{ Kiesha } & \multicolumn{2}{|c|}{ Chee } & \multicolumn{2}{|r|}{ Total } \\ \hline Gross Pay & $ & 5,000.00 & $ & 2,800.00 & $ & 2,000.00 & $ & 2,000.00 & $ & 11,800.00 \\ \hline FICA - Social Security & & 0.00 & & 0.00 & & 0.00 & & 0.00 & & 0.00 \\ \hline FICA - Medicare & & 0.00 & & 0.00 & & 0.00 & & 0.00 & & 0.00 \\ \hline FUTA & & 0.00 & & 0.00 & & 0.00 & & 0.00 & & 0.00 \\ \hline SUTA & & 0.00 & & 0.00 & & 0.00 & & 0.00 & & 0.00 \\ \hline Health Insurance & & & & & & & & & & 0.00 \\ \hline Pension & & & & & & & & & & 0.00 \\ \hline Total Payroll Expense & $ & 5,000.00 & $ & 2,800.00 & $ & 2,000.00 & $ & 2,000.00 & $ & 11,800.00 \\ \hline \end{tabular} 1) Employees' FICA Withholdings for Social Security \begin{tabular}{|c|c|c|c|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \multicolumn{4}{|l|}{ Tax Rate } \\ \hline \multicolumn{4}{|l|}{ Dali } \\ \hline \multicolumn{4}{|l|}{ Trey } \\ \hline \multicolumn{4}{|l|}{ Kiesha } \\ \hline \multicolumn{4}{|l|}{ Chee } \\ \hline & & Total & 0.00 \\ \hline \end{tabular} 2) Employees' FICA Withholdings for Medicare \begin{tabular}{|l|l|l|l|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline Kiesha & & & \\ \hline Chee & & & \\ \hline & & & \\ \hline \end{tabular} 3) Employer's FICA Taxes for Social Security \begin{tabular}{|c|c|c|c|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \multicolumn{4}{|l|}{ Tax Rate } \\ \hline \multicolumn{4}{|l|}{ Dali } \\ \hline \multicolumn{4}{|l|}{ Trey } \\ \hline \multicolumn{4}{|l|}{ Kiesha } \\ \hline \multicolumn{4}{|l|}{ Chee } \\ \hline & & Total & 0.00 \\ \hline \end{tabular} 4) Employer's FICA Taxes for Medicare \begin{tabular}{|c|c|c|c|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \multicolumn{4}{|l|}{ Tax Rate } \\ \hline \multicolumn{4}{|l|}{ Dali } \\ \hline \multicolumn{4}{|l|}{ Trey } \\ \hline \multicolumn{4}{|l|}{ Kiesha } \\ \hline \multicolumn{4}{|l|}{ Chee } \\ \hline & & Total & 0.00 \\ \hline \end{tabular} 5) Employer's FUTA Taxes \begin{tabular}{|l|l|l|l} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline Kiesha & & & \\ \hline Chee & & & \\ \hline \end{tabular} 6) Employer's SUTA Taxes \begin{tabular}{|l|l|l|l|} \hline Employee & \begin{tabular}{c} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline Kiesha & & & \\ \hline Chee & & Total & $0.00 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{9}{|c|}{ 7) Each Employee's Net (take-home) Pay } & \multirow{2}{*}{\multicolumn{2}{|c|}{ Total }} \\ \hline Employee & \multicolumn{2}{|c|}{ Dali } & \multicolumn{2}{|r|}{ Trey } & \multicolumn{2}{|c|}{ Kiesha } & \multicolumn{2}{|r|}{ Chee } & & \\ \hline Gross Pay & $ & 5,000.00 & $ & 2,800.00 & $ & 2,000.00 & $ & 2,000.00 & $ & 11,800.00 \\ \hline Income tax withholding & & 596.00 & & 282.00 & & 58.00 & & 47.00 & & 983.00 \\ \hline FICA - Social Security & & & & & & & & & & 0.00 \\ \hline FICA - Medicare & & & & & & & & & & 0.00 \\ \hline Health Insurance & & & & & & & & & & 0.00 \\ \hline Net Pay & & & & & & & & & $ & 0.00 \\ \hline \multicolumn{11}{|c|}{ 8) Employer's Total Payroll-Related Expense for Each Employee. } \\ \hline Employee & \multicolumn{2}{|c|}{ Dali } & \multicolumn{2}{|r|}{ Trey } & \multicolumn{2}{|c|}{ Kiesha } & \multicolumn{2}{|c|}{ Chee } & \multicolumn{2}{|r|}{ Total } \\ \hline Gross Pay & $ & 5,000.00 & $ & 2,800.00 & $ & 2,000.00 & $ & 2,000.00 & $ & 11,800.00 \\ \hline FICA - Social Security & & 0.00 & & 0.00 & & 0.00 & & 0.00 & & 0.00 \\ \hline FICA - Medicare & & 0.00 & & 0.00 & & 0.00 & & 0.00 & & 0.00 \\ \hline FUTA & & 0.00 & & 0.00 & & 0.00 & & 0.00 & & 0.00 \\ \hline SUTA & & 0.00 & & 0.00 & & 0.00 & & 0.00 & & 0.00 \\ \hline Health Insurance & & & & & & & & & & 0.00 \\ \hline Pension & & & & & & & & & & 0.00 \\ \hline Total Payroll Expense & $ & 5,000.00 & $ & 2,800.00 & $ & 2,000.00 & $ & 2,000.00 & $ & 11,800.00 \\ \hline \end{tabular}