Problem 9-3A Payroll expenses, withholdings, and taxes LO P2, P3 Paloma Co. has four employees. FICA

Problem 9-3A Payroll expenses, withholdings, and taxes LO P2, P3 Paloma Co. has four employees. FICA Social Security taxes are 6.2% of the first \$118,500 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&#39;s FUTA taxes are 0.6% and SUTA taxes are 2.15%. The company is preparing its payroll calculations for the week ended August 25. Payroll records show the following information for the company&#39;s four employees. Name Dali Trey Kiesha Chee Gross Pay through Aug. 18 \$115,850 116,500 8,800 2,750 Current Week Income Tax Gross Pay Withholding \$ 3,700 \$ 525 2,000 322 620 54 570 43 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&#39;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&#39; FICA Withholdings for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Dali Trey Kiesha Chee Total \$ 0.00 2) Employees&#39; FICA Withholdings for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Dali Trey Kiesha Chee Total \$ 0.00 3) Employer&#39;s FICA Taxes for Social Security Employee Earnings Subject to Tax Tax Rate Tax Amount Dali Treyſ Kiesha Cheer Total \$ 0.00 4) Employer&#39;s FICA Taxes for Medicare Employee Earnings Subject to Tax Tax Rate Tax Amount Dali Trey Kiesha Chee Total \$ 0.00 5) Employer&#39;s FUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Dali Trey Kiesha Chee Total \$ 0.00 6) Employer&#39;s SUTA Taxes Employee Earnings Subject to Tax Tax Rate Tax Amount Dali Trey Kiesha Chee Total \$ 0.00 \$ Trey 2,000.00 322.00 \$ Kiesha 620.00 54.00 \$ Chee 570.00 43.00 \$ 7) Each Employee&#39;s Net (take-home) Pay Employee Dali Gross Pay \$ 3,700.00 Income tax withholding 525.00 FICA – Social Security FICA – Medicare Health Insurance I Net Pay Total 6,890.00 944.00 0.00 0.00 D 0.00 0.00 \$ \$ \$ 0.00 Kiesha 620.00 0.00 0.00 8) Total Payroll Related Expense for Each Employee Employee Dali Trey Gross Pay \$ 3,700.00 \$ 2,000.00 FICA – Social Security 0.00 FICA – Medicare 0.00 0.00 FUTA 0.00 0.00 SUTA 0.00 0.00 Health Insurance Pension Total Payroll Expense | \$ 3,700.00 \$ 2,000.00 Chee 570.00 0.00 0.00 0.00 0.00 Total 6,890.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,890.00 \$ 620.00 \$ 570.00 \$