Reference no: EM13581048

Paloma Co. Stars has four employees. FICA Social Security taxes are 6.2%  of the first $110,100 paid to each employee, and FICA Medicare taxes  are 1.45% of gross pay. Also, its FUTA taxes are 0.8% and SUTA taxes are  2.15% of the first $7,000 paid to each employee. The company is  preparing its payroll calculations for the week ended August 25. Payroll  records show the following information for the company%u2019s four  employees.

Current Week
Name	Gross Pay through 8/18				Gross Pay				Income Tax Withholding
Dahlia		$	108,500			$	2,500			$	289
Trey			36,900				950				150
Kiesha			7,350				500				44
Chee			1,300				450				35

In addition to gross pay, the company must pay  one-half of the $70 per employee weekly health insurance; each employee  pays the remaining one-half. The company also contributes an extra 7% of  each employee%u2019s gross pay (at no cost to employees) to a pension fund.

1) Employees FICA withholdings for social security

     Employee               Earnings Subject to tax        Tax Rate          Tax Amount

      Dahlia                                   6.20%

      Trey

       Kiesha

       Chee