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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%

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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'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 ollowing information for the company's four employees Current Week Gross Pay Income Tax Namethrough Aug. 18 Dali Trey Kiesha Chee 5117,400 117,600 6,900 1,250 Gross Pay $ 2,000 900 450 400 S 284 145 39 30 In addition to gross pay, the company must pay two-third of the $60 per employee weekly health insurance, each employee pays the remaining one-third. The company also contributes an extra 8% o each employee'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.)

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