Paloma Company has four employees. FICA Social Security taxes are of the first $ paid to each employee, and FICA Medicare taxes are of gross pay. Also, for the first $ paid to each employee, the company's FUTA taxes are and SUTA taxes are The company is preparing its payroll clculations for the week ended August Payroll records show the following information for the company's four employees.
tableCurrent Week,Gross Pay through,Income TaxNameAugust Gross Pay,Withholding,Dali$$$TreyKieshaChee
In addition to gross pay, the company must pay onehalf of the $ per employee weekly health insurance; each employee pays the remaining onehalf. The company also contributes an extra of each employee's gross pay at no cost to employees to a pension fund.
Required:
Compute the following for the week ended August
Note: Round your intermediate calculations and final answers to decimal places.
Employees' FICA Withholdings for Social Security
tableEmployeetableEarningsSubject to TaxTax Rate,Tax Amount,Tax Rate,,,,DaliTreyKieshaCheeTotal,$
Employees' FICA Withholdings for Medicare
tableEmployeetableEarningsSubject to TaxTax Rate,Tax AmountTax Rate,,,DaliTreyKiesha need those and employers fica taxes and taxes for medicare for social security for futa taxes, suta taxes, each employers net income pay and employers total pay rool related expenses for each employee. There are eight boxes that need to be filled.