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Paloma Company has four employees. FICA Social Security taxes are 6 . 2 % of the first $ 1 3 7 , 7 0 0
Paloma Company has four employees. FICA Social Security taxes are of the first $ paid to each employee, and FICA Medicare taxes are of gross pay. Also, for the first $ paid to each employee, the company's FUTA taxes are and SUTA taxes are The company is preparing its payroll calculations for the week ended August Payroll records show the following information for the company's four employees.NameGross Pay throughAugust Current WeekGross PayIncome TaxWithholdingDali$ $ $ TreyKieshaCheein addition to gross pay, the company must pay onehalf of the $ per employee weekly health insurance; each employee pays the remaining onehalf. The company also contributes an extra of each employee's gross pay at no cost to employees to a pension fund.Required:Compute the following for the week ended August Note: Round your intermediate calculations and final answers to decimal places.
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