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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

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.

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In addition to gross pay, the company must pay one-half of the $98 per employee weekly health insurance; each employee pays the remaining one-half. The company also contributes an extra 8% of each employees 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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Gross Pay Name through Aug. 18 Dahlia $115,950 Trey 116,600 Kiesha 9,000 2,950 Chee Current Week Income Tax Withholding Gross Pay $2,950 $419 400 64 55 640 590 44

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