lit View F P 9-3 Connect HW four employees FICA Social Security taxes Paloma Co. has taxes are 1.45% of gross pay. Also, for the first $7,000 paid to each employee, the company's FUTA taxes at are 215%. The company is preparing its payroll calculations for the week ended August 25 Payroll records show the information for the company's four employees employees FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, and FICA Medicare re 0.6% and SUTA taxes following 10 Gross Pay through Aug. Gross Income Tax Withholding 18 $116,150 116, 800 9,400 3,350 4, 300 1,700 680 630 Trey Kiesha ReterencesIn addition to gross pay, the company must pay one-half of the $106 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 places.)