The following information appfies to the questions displayed below The following summary data for the payroll period ended December 27, 2015, are available for Cayman Coating Co.: $97000 Gross pay FICA tax withholdings Income tax withholdings Group hospitalization insurance Employee contributions to pension plan Total deductions Net pay 15,150 1,180 29,836 Additional Information: For employees, FICA tax ates for 2015 were 765% on the first $118.500 of each employees annual earnin s. However, no employees had accumulated earnings or the year n excess in S1850 mit. * For employers, FICA tax rates for 2015 were also 765% on the first $ 8,500 of each employee's annual earnings. * The federal and state unemployment compensation tax rates are 0.6% and 5.4%, respectively. These rates are levied against the employer for the first $7,000 of each employee's annual earnings. Only $16,000 of the gross pay amount for the December 27, 2015, pay period was owed to employees who were still under the annual limit