Paloma Company has four employees. FICA Social Socurity tawes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45% of gross pary. 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-hal of the $64 per employee weekly health insurance; each employee pays the remaining one-halt The compony 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. 9. Homework (i) Sined 11 1) Employets' FiCA Withholdings for Social Securify \begin{tabular}{|c|c|c|c|} \hline Employes & \begin{tabular}{l} Eamings \\ Subjoct to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & 6.20% & \\ \hline Dali: & 53,00000 & 6.20% & 186.00 \\ \hline Trey & 2,800.00 & 6.20% & 173.60 \\ \hline Kiesha & 1,400.00 & 6.20% & 86.80 \\ \hline \multirow[t]{2}{*}{ Chee } & 1,80000 & 6.20% & 111.60 \\ \hline & & Total & 55800 \\ \hline \end{tabular} 2) Employees' FICA Withholdings for Medicare \begin{tabular}{|c|c|c|c|} \hline Employee & \begin{tabular}{l} Eamings \\ Subjoct to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \multicolumn{4}{|l|}{ Tax Rate } \\ \hline Dali & & . & \\ \hline \multicolumn{4}{|l|}{ Trey of } \\ \hline \multicolumn{4}{|l|}{ Kiesha } \\ \hline \multicolumn{4}{|l|}{ Chee } \\ \hline & & Total & 0.00 \\ \hline \end{tabular} 3) Employer's FICA Taxes for Soclal Security \begin{tabular}{|l|l|l|l|} \hline Employee & \begin{tabular}{c} Eamings \\ Subject to Tax \end{tabular} & Tax Rate & Tox Amount \\ \hline Tax Rale & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline Kieshe & & & \\ \hline Chee & & & \\ \hline \end{tabular} 4) Enployer's FiCA Taxes for Medicare \begin{tabular}{|c|c|c|c|} \hline Employee & \begin{tabular}{l} Earninge \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \multicolumn{4}{|l|}{ Tax Rate } \\ \hline Dali & & & + \\ \hline \multicolumn{4}{|l|}{ Trey } \\ \hline \multicolumn{4}{|l|}{ Kesha } \\ \hline Chee & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Employer's FICA Taxes for Medicare } \\ \hline mployee & \begin{tabular}{l} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \multicolumn{4}{|l|}{ ax Rate } \\ \hline \multicolumn{4}{|l|}{ ali } \\ \hline \multicolumn{4}{|l|}{ rey } \\ \hline \multicolumn{4}{|l|}{ Desha } \\ \hline \multicolumn{4}{|l|}{ Chee } \\ \hline & & Total & 000 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Trey & \\ \hline Kesha & & \\ \hline & & & \\ \hline & & & \\ \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 $ & \\ \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 & & Dall & & Troy & & Kiesha & & Chee & & \\ \hline Gross Pay & 5 & 3,000.00 & $ & 2,80000 & $ & 1,40000 & $ & 1,800.00 & $ & 9,000.00 \\ \hline Income tax withholding & & 31200 & & 11300 & & 4100 & & 3200 & & 49800 \\ \hline FICA - Social Security & & 186.00 & & 17360 & & 86.80 & & 11160 & & 55800 \\ \hline FICA - Medicare & & & & & & & & & & 000 \\ \hline Health Insurance & & & & & & & & & & 000 \\ \hline Net Pay & & & & & & & & & $ & 0.00 \\ \hline \end{tabular} 8) Employer's Total Payroll-Related Expense for Each Employee. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{\begin{tabular}{l} Employee \\ Gross Pay \end{tabular}} & \multicolumn{2}{|r|}{ Dali } & \multicolumn{2}{|r|}{ Trey } & \multicolumn{2}{|c|}{ Kiesha } & \multicolumn{2}{|r|}{ Chee } & \multicolumn{2}{|r|}{ Total } \\ \hline & $ & 3,000.00 & s & 2,80000 & $ & 1,40000 & $ & 1,80000 & $ & 9,000.00 \\ \hline FICA - Social Securify & & 0.00 & 3 & 0.00 & & 000 & & 0.00 & & 0.00 \\ \hline FICA - Medicare & = & 0.00 & & 000 & & 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 Payrol Expense & 5 & 3,000.00 & 5 & 2,800.00 & 5 & 1,40000 & $ & 1,80000 & s & 9.000 .00 \\ \hline \end{tabular} Paloma Company has four employees. FICA Social Socurity tawes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45% of gross pary. 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-hal of the $64 per employee weekly health insurance; each employee pays the remaining one-halt The compony 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. 9. Homework (i) Sined 11 1) Employets' FiCA Withholdings for Social Securify \begin{tabular}{|c|c|c|c|} \hline Employes & \begin{tabular}{l} Eamings \\ Subjoct to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline Tax Rate & & 6.20% & \\ \hline Dali: & 53,00000 & 6.20% & 186.00 \\ \hline Trey & 2,800.00 & 6.20% & 173.60 \\ \hline Kiesha & 1,400.00 & 6.20% & 86.80 \\ \hline \multirow[t]{2}{*}{ Chee } & 1,80000 & 6.20% & 111.60 \\ \hline & & Total & 55800 \\ \hline \end{tabular} 2) Employees' FICA Withholdings for Medicare \begin{tabular}{|c|c|c|c|} \hline Employee & \begin{tabular}{l} Eamings \\ Subjoct to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \multicolumn{4}{|l|}{ Tax Rate } \\ \hline Dali & & . & \\ \hline \multicolumn{4}{|l|}{ Trey of } \\ \hline \multicolumn{4}{|l|}{ Kiesha } \\ \hline \multicolumn{4}{|l|}{ Chee } \\ \hline & & Total & 0.00 \\ \hline \end{tabular} 3) Employer's FICA Taxes for Soclal Security \begin{tabular}{|l|l|l|l|} \hline Employee & \begin{tabular}{c} Eamings \\ Subject to Tax \end{tabular} & Tax Rate & Tox Amount \\ \hline Tax Rale & & & \\ \hline Dali & & & \\ \hline Trey & & & \\ \hline Kieshe & & & \\ \hline Chee & & & \\ \hline \end{tabular} 4) Enployer's FiCA Taxes for Medicare \begin{tabular}{|c|c|c|c|} \hline Employee & \begin{tabular}{l} Earninge \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \multicolumn{4}{|l|}{ Tax Rate } \\ \hline Dali & & & + \\ \hline \multicolumn{4}{|l|}{ Trey } \\ \hline \multicolumn{4}{|l|}{ Kesha } \\ \hline Chee & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Employer's FICA Taxes for Medicare } \\ \hline mployee & \begin{tabular}{l} Earnings \\ Subject to Tax \end{tabular} & Tax Rate & Tax Amount \\ \hline \multicolumn{4}{|l|}{ ax Rate } \\ \hline \multicolumn{4}{|l|}{ ali } \\ \hline \multicolumn{4}{|l|}{ rey } \\ \hline \multicolumn{4}{|l|}{ Desha } \\ \hline \multicolumn{4}{|l|}{ Chee } \\ \hline & & Total & 000 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Trey & \\ \hline Kesha & & \\ \hline & & & \\ \hline & & & \\ \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 $ & \\ \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 & & Dall & & Troy & & Kiesha & & Chee & & \\ \hline Gross Pay & 5 & 3,000.00 & $ & 2,80000 & $ & 1,40000 & $ & 1,800.00 & $ & 9,000.00 \\ \hline Income tax withholding & & 31200 & & 11300 & & 4100 & & 3200 & & 49800 \\ \hline FICA - Social Security & & 186.00 & & 17360 & & 86.80 & & 11160 & & 55800 \\ \hline FICA - Medicare & & & & & & & & & & 000 \\ \hline Health Insurance & & & & & & & & & & 000 \\ \hline Net Pay & & & & & & & & & $ & 0.00 \\ \hline \end{tabular} 8) Employer's Total Payroll-Related Expense for Each Employee. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{\begin{tabular}{l} Employee \\ Gross Pay \end{tabular}} & \multicolumn{2}{|r|}{ Dali } & \multicolumn{2}{|r|}{ Trey } & \multicolumn{2}{|c|}{ Kiesha } & \multicolumn{2}{|r|}{ Chee } & \multicolumn{2}{|r|}{ Total } \\ \hline & $ & 3,000.00 & s & 2,80000 & $ & 1,40000 & $ & 1,80000 & $ & 9,000.00 \\ \hline FICA - Social Securify & & 0.00 & 3 & 0.00 & & 000 & & 0.00 & & 0.00 \\ \hline FICA - Medicare & = & 0.00 & & 000 & & 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 Payrol Expense & 5 & 3,000.00 & 5 & 2,800.00 & 5 & 1,40000 & $ & 1,80000 & s & 9.000 .00 \\ \hline \end{tabular}