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Apple employed Bobby in Year 1. Bobby earned $5,100 per month and worked the entire year. Assume the Social Security tax rate is 6 percent

Apple employed Bobby in Year 1. Bobby earned $5,100 per month and worked the entire year. Assume the Social Security tax rate is 6 percent for the first $110,000 of earnings, and the Medicare tax rate is 1.5 percent. Toms federal income tax withholding amount is $900 per month. Use 5.4 percent for the state unemployment tax rate and 0.6 percent for the federal unemployment tax rate on the first $7,000 of earnings per employee. Required a. Answer the following questions. 1. What is Bobby's net pay per month? 2. What amount does Bobby pay monthly in FICA payroll taxes? 3. What is the total payroll tax expense for Apple for January Year 1? February Year 1? March Year 1? December Year 1? b. Assume that instead of $5,100 per month Bobby earned $9,600 per month. Answer the following questions. 1. What is Bobby net pay per month? 2. What amount does Bobby pay monthly in FICA payroll taxes? 3. What is the total payroll tax expense for Apple for January Year 1? February Year 1? March Year 1? December Year 1?

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