Compute the following for the week ended august 25

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Legal Stars pays its employees each week. Its employees' gross pay is subject to these taxes.

Tax Rate Applied To
FICA-Social security 6.20 % First $106,800
FICA-Medicare 1.45 All gross pay
FUTA 0.80 First $7,000
SUTA 2.15 First $7,000

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:

Current Week

Name Gross Pay
through 8/18 Gross Pay Income Tax Withholding
Dale $ 105,300 $ 2,000 $ 252
Ted 36,650 900 99
Kate 6,750 450 54
Chas 1,050 400 36

In addition to gross pay, the company must pay one-half of the $32 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. (Round your intermediate calculations and final answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Omit the "tiny_mce_markerquot; sign in your response.)

Reference no: EM13132962

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Compute the following for the week ended august 25 : Legal Stars pays its employees each week. Its employees' gross pay is subject to these taxes.
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