need help

Problem 11-3A (Algo) Payroll expenses, withholdings, and taxes LO P2, P3 Paloma Company has four employeos. FICA Social Security taxes ate 6.2% of the first $137700 poid 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. In addition to gross pay, the company must pay one-half of the $110 per employee weekly health insurance; each employee pays the remaining one-halt. The company also contributes an extro 8% of eoch employee's gross pay (at no cost to employees) to a pension fund Required: Compute the following for the week ended August 25. Note: Round your intermediate calculations and final answers to 2 decimal places. 8) Employer's Total Payroll-Related Expense for Each Employee