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edicare taxes are 1 . 4 5 % of gross pay. Also, for the first $ 7 , 0 0 0 paid to each employee,

edicare 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
res are 5.4%. The company is preparing its payroll calculations for the week ended August 25. Payroll records show the following
ormation for the company's four employees.
addition to gross pay, the company must pay one-half of the $90 per employee weekly health insurance; each employee pays the
maining one-half. The company also contributes an extra 8% of each employee's gross pay (at no cost to employees) to a pension
d.
quired:
mpute the following for the week ended August 25.
te: Round your intermediate calculations and final answers to 2 decimal places.
Answer everything that is boxed in blue
image text in transcribed

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