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Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $137,700 payd to each employee, and FICA Medicare taxes are 145%

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Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $137,700 payd to each employee, and FICA Medicare taxes are 145% of gross pay. Also, for the first $7,000 paid to each employes, 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 poy one-half of the $102 per employee weekly health insurance; each employee pays the remaining one-halt 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 intermecliate calculations and final answers to 2 decimal places.) 8) Employer's Total Payroll-Related Expense for Each Employee

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