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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

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Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $137,700 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 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 pay one-half of the $62 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.
Note: Round your intermediate calculations and final answers to 2 decimal places.
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