Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $137,700...

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Paloma Company 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 August 25. Payroll records show the following information for the company's four employees. Current Week Gross Pay through Income Tax Name August 18 Gross Pay Withholding Dali $ 136,680 $ 2,000 $ 284 Trey 136,800 900 145 Kiesha 6,900 450 39 Chee 1,250 400 30 In addition to gross pay, the company must pay two-thirds of the $60 per employee weekly health insurance; each employee pays the remaining one-third. 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.) Answer is not complete. 1) Employees' FICA Withholdings for Social Security Earnings Tax Employee Subject to Tax Rate Amount Tax Tax Rate 6.20% Dali $ 1,100.00 6.20% $ 68.20 Trey 900.00 6.20% 55.80 450.00 6.20% Klesha 27.90 Chee 400.00 6.20% 24.80 > ol ) Each Employee's Not (take-home) Pay Employee Dali Trey Klesha Chee Total $ 3,750,00 Gross Pay Income tax withholding FICA - Social Security FICA - Medicare 2,000.00 $ 284.00 68.20 29.00 900.00 $ 145.00 55.80 13.05 450.00 $ 39.00 27.90 400.00 $ 30.00 24.80 5.80 498.00 176.70 54.38 0.00 6.53 Health Insurance Net Pay 0.00 $ $ 8) Employer's Total Payroll-Related Expense for Each Employee Employee Dall Trey Kiosha Gross Pay $ 2,000.00 $ 900.00 5 450.00 FICA - Social Security 68.20 55.80 27.90 FICA - Medicare 20.00 13.05 8.53 FUTA 0.00 0.00 0.60 SUTA 0.00 0.00 5.40 Health Insurance Choo 400.00 $ 24.80 5.80 Total 3,750.00 176.70 54.38 3.00 2.40 21.60 27.00 0.00 0.00 4,011.08 Pension $ $ 2,097 20 968.85 $ 490.43S 454.60 $ Total Payroll Expense

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