This is all one question.
Paloma Co, has four employees. FICA Social Security taxes are 6.2% of the first $128.400 pald 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. Name Dali Gross Pay through Aug. 18 $124,800 126,000 8,400 2,350 Current Week Income Tax Gross Pay Withholding $5,000 $ 469 2,400 354 2,000 50 1,400 40 Trey Kiesha Chee In addition to gross pay, the company must pay one-half of the $86 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 Employee Tax Rate Tax Amount Tax Rate Dall Trey Kiesha Chee Total $ 0.00 2) Employees' FICA Withholdings for Medicare Earnings Subject to Tax Employee Tax Rate Tax Amount Tax Rate Dali Trey Kiesha Chee Total $ 0.00 3) Employer's FICA Taxes for Social Security Earnings Subject to Tax Tax Rate Tax Amount Employee Tax Rate Dali Trey Klesha Chee Total $ 0.00 4) Employer's FICA Taxes for Medicare Tax Rate Tax Amount Employee Earnings Subject to Tax Tax Rate Dali Trey Kiesha Chee Total $ 0.00 5) Employer's FUTA Taxes Tax Rate Tax Amount Earnings Subject to Tax Employee Tax Rate Dali Trey Kiesha Chee Total $ 0.00 6) Employer's SUTA Taxes Employee Tax Amount Earnings Subject to Tax Tax Rate Tax Rate Dall Trey Kiesha Chee Total $ 0.00 7) Each Employee's Net (take-home) Pay Dali Trey Employee Kiesha Chee Total S 5,000.00 S 2,400.00 $ 2,000.00 $ 1,400.00 $ 10,800.00 469.00 Gross Pay Income tax withholding FICA - Social Security 354.00 50.00 40.00 913.00 0.00 FICA - Medicare 0.00 0.00 Health Insurance Net Pay $ 0.00 8) Employer's total payroll-related expense for each employee. Employee Dali Total Kiesha Chee Trey 2,400.00 $ Gross Pay $ 5,000.00 $ 2,000.00 $ 1,400.00 $ 10,800.00 FICA - Social Security 0.00 0.00 0.00 0.00 0.00 0.00 FICA - Medicare 0.00 0.00 0.00 0.00 FUTA 0.00 0.00 0.00 0.00 0.00 SUTA 0.00 0.00 0.00 0.00 0.00 Health Insurance 0.00 0.00 Pension Total Payroll Expense 5,000.00 $ 2,400.00 $ 2,000.00 $ 1,400.00 $ 10,800.00