e$,$ $$12,093\mathrm{.}90$

Problem $9-3$A Payroll expenses, withholdings, and taxes P$2$ P

Paloma Co$.$ 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 taxes are $5\mathrm{.}4\%.$ 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 two$-$thirds of the $$60$ per employee weekly health insurance; each employee pays the remaining one$-$third. 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 $25($round amounts to the nearest cent$)$: