Problem 9-3A Payroll expenses, withholdings, and taxes LO P2, P3 Paloma Co. Stars has four employees. FICA Social Security taxes are 6.2% of the first $117,000 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 .6% and SUTA taxes are 6.20%. 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 Current Week Gross Pay Income Tax Withholding Name Dahlia through Aug. 18 Gross Pay $426 56 56 45 $116,000 116,650 9,100 3,050 $3,000 350 650 600 re Kiesha Chee In addition to gross pay, the company must pay one-half of the $100 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 Earnings Subject to Tax Tax Amount Tax Rate Employee Dahlia Trey Kiesha Chee Total 2) Employees' FICA Withholdings for Medicare Earnings Subject to Tax ax Rate Tax Amount Employee Dahlia Trey Kiesha Chee Total 3) Employer's FICA Taxes for Social Security Employee Dahlia Trey Kiesha Chee Earnings Subiect to Tax Tax Amount Tax Rate Total 4) Employer's FICA Taxes for Medicare Earnings Subiect to Tax Tax Amount Employee Tax Rate 1.45% 1.45% 1.45% 1.45% Total Dahlia Trey Kiesha Chee 5) Employer's FUTA Taxes Earnings Subject to Tax Employee Tax Rate Tax Amount Dahlia Trey Kiesha Chee 0.60% 0.60% 0.60% 0.60% Total 6) Employer's SUTA Taxes Earnings Subject to Tax Employee Tax Rate Tax Amount 6.20% 6.20% 6.20% 6.20% Total Dahlia Trey Kiesha Chee 7) Each Employee's Net (take-home) Pay Employee Gross Pay Income tax withholding FICA - Social Security FICA - Medicare Health Insurance Net Pay Kiesha Trey Chee Dahlia Total $ 3,000.00$350.00$650.00600.00$ 4,600.00 45.00 426.00 56.00 56.00 583.00 8) Total Payroll Related Expense for Each Employee Employee Gross Pay FICA Social Security FICA - Medicare FUTA SUTA Health Insurance Pension Total Payroll Expense Kiesha Chee Total Dahlia Trey $ 3,000.00$ 350.00$650.00600.00 4,600.00