Paloma Company has four employees. FICA Social Security taxes are $6\mathrm{.}2\%$ of the first $$137,700$ paid to each employee, and FICA Medicare taxes are $1\mathrm{.}45\%$ of gross pay. Also, for the first $$7,000$ paid to each employee, the company's FUTA taxes are $0\mathrm{.}6\%$ and SUTA

$15$

taxes are $5\mathrm{.}4\%.$ The company is preparing its payroll calculations for the week ended August $25.$ Payroll records show the following

points

information for the company's four employees.

$\backslash$table$[[$eBook$],[$Print$]]$

References

$\backslash$table$[[,,$Current Week$],[$Name$,$Gross Pay through,Income Tax$],[$Dali$,$August $18,$Gross Pay,Withholding$],[$Trey$,$$$125,200,$$$4,800,$$$412$