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Paloma Co. Stars has four employees. FICA Social Security taxes are 6.2% of the first$117,000 paid to each employee, and FICA Medicare taxes are 1.45%

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Paloma Co. Stars has four employees. FICA Social Security taxes are 6.2% of the first$117,000 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 companys FUTA taxes are 6% and SUTA taxes are 6.20%. The company is preparing its payroll calculations for the week ended August 25. Payroll records show the following information for the companys four employees through Aug 18 Gross Pay $115 700 116350 In addition to gross pay, the company must pay one-half of the $88 per employee weekly health insurance each employee pays the remaining one-half. The company also contributes an extra 8% of 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.): Employees FICA withholdings for Social Security subject to Tam Tae Rate Tax Amount subject to Taw subject to Tax Rate

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