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Complete this question by entering your answers in the tabs below. What amount does Tom pay monthly in FICA payroll taxes? (Round your answer to

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Complete this question by entering your answers in the tabs below. What amount does Tom pay monthly in FICA payroll taxes? (Round your answer to 2 decimal places.) Complete this question by entering your answers in the tabs below. Assume that instead of $4,900 per month Tom earned $9,500 per month. What amount does Tom pay monthly in FICA payroll taxes? (Round your answers to 2 decimal places.) Sky Company employed Tom Malis in Year 1. Tom earned $4,900 per month and worked the entire year, Assume the Soclal Security tax rate is 6 percent for the first $110,000 of eamings, and the Medicare tax rate is 1.5 percent. Tom's federal income tax withholding amount is $870 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 Tom's net pay per month? (2) What amount does Tom pay monthly in FICA payroll taxes? (3) What is the total payroll tax expense for Sky Company for January Year 1? February Year 1? March Year 1? December Year 1? b. Assume that instead of $4.900 per month Tom earned $9,500 per month. Answer the following questions. (1) What is Tom's net pay per month? (2) What amount does Tom pay monthly in FCA payroll taxes? (3) What is the total payroll tax expense for Sky Company for January Year 1? February Year 1? March Year 1? December Year 1? Complete this question by entering your answers in the tabs below. What is Tom's net pay per month? (Round your answer to 2 decimal places.) Complete this question by entering your answers in the tabs below. Assume that instead of $4,900 per month Tom earned $9,500 per month. What is the total payroll tax expense for Sky Company for January Year 1 ? February Year 1? March Year 1? December Year 1 ? (Round your answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. What is the total payroll tax expense for Sky Company for January Year 1? February Year 1? March Year 1? December Year 1? (Round your answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Assume that instead of $4,900 per month Tom earned $9,500 per month. What is Tom's net pay? (Round your answers to 2 decimal places.)

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