problem 9-3 a payroll expenses, withholdings, and taxes Lo P2, P3

Problem 9-3A Payroll expenses, withholdings, and taxes LO P2, P3 Paloma Co has four employees FICA Social Security taxes are 6.2% of the first 5118,500 paid to each employee and FICA Medicare taxes are 145% of gross pay. Also for the first $2000 paid to each employee the company's FUTA laxes are 06% and SUTA taxes are 215%The company is preparing its payrol calculations for the week ended August 25 Payroll records show the following information for the company's four employees Current Week Income Tax In addition to gross pay, the company must pay one-half of the 568 per employee weekly health insurance, each employee pays the remaining one-hall. The company also contributes an extra 8% of each employee's gross Day (at no cost to employees) to a pension fund Required: Compute the following for the week ended August 25. Round your intermediate calculations and final answers to 2 decimal places)