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Problem 9-3B Payroll expenses, withholdings, and taxes CP2 P3 Fishing Guides Co. has four employees, FICA Social Security taxes are 6.2% of the first $137.700

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Problem 9-3B Payroll expenses, withholdings, and taxes CP2 P3 Fishing Guides Co. has four employees, FICA Social Security taxes are 6.2% of the first $137.700 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 5.4%. The company is preparing its payroll calculations for the week ended September 30. Payroll records show the following information for the company's four employees. C 1 2 3 B Gross Pay through Sep. 23 $136,100 136,185 6,650 23,700 Name Ahmed Carlos Jun Marie 4 D Current Week Income Tax Withholding $198 182 32 68 Gross Pay $2.500 1,515 475 1,000 un In addition to gross pay, the company must pay 60% of the $50 per employee weekly health insurance, each employee pays the remaining 40%. The company also contributes an extra 5% of each employee's gross pay (at no cost to employees) to a pension fund. Required Compute the following for the week ended September 30 (round amounts to the nearest cent): 1. Each employee's FICA withholdings for Social Security 2. Each employee's FICA withholdings for Medicare. 3. Employer's FICA taxes for Social Security Check 358458 4. Employer's FICA taxes for Medicare. (4) $79.61 5. Employer's FUTA taxes, 15) $2.10 6. Employer's SUTA taxes 7. Each employee's net (take-home) pay. 17) Toti net pay $4.565.81 8. Employer's total payroll-related expense for each employee

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