Problem 11-3A Payroll expenses, withholdings, and taxes LO P2, P3 Paloma Co. has four employees. FICA Social Security taxes are 6.2% of the first $118,500 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 2.15%. 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 Chee Gross Pay through Aug. 18 $116.100 116,750 9,300 3,250 Current Week Income Tax Gross Pay Withholding $4,200 $ 596 1,750 282 670 620 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 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 Dali Trey Kiesha Chee Total $ 0.00 2) Employees' FICA Withholdings for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Dali Trey Kiesha Chee Total $ 0.00 3) Employer's FICA Taxes for Social Security Employee Earnings Subject to Tax x Tax Rate Tax Amount Dali Trey Kiesha Chee Total $ 0.00 4) Employer's FICA Taxes for Medicare Earnings Employee Subject to Tax Tax Rate Tax Amount Dali Trey Kiesha Chee Total $ 0.00 5) Employer's FUTA Taxes Earnings Subject to Tax Employee Tax Rate Tax Amount Dali Trey Kiesha Chee Total $ 0.00 6) Employer's SUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Dall Trey Kiesha Chee Total $ 0.00 1) Each Employee's Net (take-home) Pay Employee Dall Gross Pay $ $ Trey 1,750.00 282.00 $ Kiesha 670.00 58.00 4,200.00 596.00 $ Chee 620.00 47.00 $ Total 7,240.00 983.00 0.00 Income tax withholding FICA - Social Security FICA - Medicare Health Insurance 0.00 0.00 Net Pay $ 0.00 $ $ $ 8) Total Payroll Related Expense for Each Employee Employee Dali Trey Gross Pay $ 4,200.00 $ 1.750.00 FICA - Social Security 0.00 0.00 FICA - Medicare 0.00 0.00 FUTA 0.00 0.00 SUTA 0.00 0.00 Health Insurance Kiesha 670.00 0.00 0.00 Chee 620.00 0.00 0.00 Total 7.240.00 0.00 40.00 0.00 0.00 0.00 0.00 0.00 Pension 0.00 0.00 0.00 7.240.00 Total Payroll Expense S 4.200.00 $ 1.750.00 $ 670.00 $ 620.00 $