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. Payroll Problem 75 points Guides Co. has four employees. FICA Social Security taxes are 6.2% of the first $110,100 paid to each employee, and

. Payroll Problem 75 points Guides Co. has four employees. FICA Social Security taxes are 6.2% of the first $110,100 paid to each employee, and FICA Medicare taxes are1.45% of gross pay. Also, for the first $7,000 to each employee the companys FUTA taxes are 0.8% and SUTA taxes are 1.75%. The company is preparing its payroll calculations for the week ended September 30. Payroll Records show the following for the companys four employees. Gross Pay Current pay Name Through 9/23 Gross Pay Income Tax Withholding State Tax Withholding Ahmed $108,500 $2,500 $198 $50 Carlos 36,650 1.515 182 45 June 6,650 475 32 10 Marie 22,200 1,000 68 23 In addition to gross pay, the company must pay one - half of the $50 per employee weekly health insurance ; each employee pays the remaining one - half . The company also contributes an extra 5% of each employees gross pay (at no cost to employees) to a pension fund. Employees also paid 6.88 per week in union dues with the exception of Ahmed sin ce he is a supervisor. Required: Compute the following for the week ended September 30 (round amounts to the nearest cent). 1. Each employees FICA withholdings for Social Security. 2. Each employees FICA withholding for Medicare. 3. Employers FICA taxes for Social Security. 4. Employers FICA taxes for Medicare. 5. Employers FUTA taxes. 6. Employers SUTA taxes. 7. Each employees net (take - home) pay. 8. Employers total payroll - related expense for each employee.

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