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Saved 7 Paloma Co. has four employees. FICA Social Security taxes are 6.2% of the first $128.400 paid to each employee, and FICA Medicare taxes

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Saved 7 Paloma Co. has four employees. FICA Social Security taxes are 6.2% of the first $128.400 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 August 25. Payroll records show the following information for the company's four employees 153 points eBook Name Dali Trey klesha Chec Gross Pay through Aug. 18 $ 124,400 126,000 8,800 2,750 Current Week Income Tax Gross Pay withholding $4,800 $ 525 2,400 322 1,400 54 1,800 43 Print In addition to gross pay, the company must pay one-half of the $94 per employee weekly health insurance; each employee pays the remaining one-half. The company also contributes an extra 8% of each employee's gross payat 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.) Tax Amount 1) Employees' FICA Withholdings for Social Security Earnings Employee Tax Rate Subject to Tax Tax Rate Dah Trey Kisha Total 5 0.00 2) Employees' FICA Withholdings for Medicare Employee Earning Tax Rate Subject to Tax Tax Amount Tax R D Try

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