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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.
tableCurrent Week,NameGross Pay through,Income TaxDaliAugust Gross Pay,Withholding,Trey$$$KieshaChee
In addition to gross pay, the company must pay twothirds of the $ per employee weekly health insurance; each employee pays the remaining onethird. 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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