Problem 9-3A Payroll expenses, withholdings, and taxes LO P2, P3 points Paloma Co. has four employees. FICA Social Security taxes are 6.2% of the first $127,200 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 3.5% and SUTA taxes are 2.50%. 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. eBook Name Dali Trey Klesha Chee Gross Pay through Aug. 18 $ 125,700 123,400 7,500 1,450 Current Week Income Tax Gross Pay Withholding $4,200 $ 341 3,800 B1 1,600 1,800 Print 42 33 References In addition to gross pay, the company must pay one-half of the $68 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) Employee's FICA Withholdings for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Dali 6.20% Trey Kiesha Chee Total $ 0.00 2) Employee's FICA Withholdings for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Dali Trey Kiesha Chee Total $ 3) Employer's FICA Taxes for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Dali Trey Kiesha Chee Total $ 0.00 4) Employer's FICA Taxes for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Dali Trey Kiesha Chee Total $ 0.00 5) Employer's FUTA Taxes Employee Earnings Subject to Tax 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 Dali Trey Kiesha Chee Total $ 0.00 7) Each Employee's Net (take-home) Pay Employee Dali Trey Kiesha Chee Total $ $ $ $ $ 4,200.00 341.00 3,800.00 81.00 1,600.00 42.00 1,800.00 33.00 11,400.00 497.00 Gross Pay Income tax withholding FICA - Social Security FICA - Medicare 0.00 0.00 Health Insurance 0.00 Net Pay 0.00 8) Total Payroll Related Expense for Each Employee Employee Dali Trey Gross Pay $ 4,200.00 $ 3,800.00 FICA - Social Security 0.00 0.00 FICA - Medicare 0.00 0.00 Kiesha $ 1,600.00 Chee 1,800.00 Total 11,400.00 $ $ 0.00 0.00 0.00 0.00 0.00 FUTA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SUTA 0.00 0.00 0.00 0.00 Health Insurance 0.00 Pension Total Payroll Expense 0.00 11,400.00 $ 4,200.00 $ 3,800.00 $ 1,600.00 $ 1,800.00 $