Old Town entertainment have two employees of 2016. Clay is $3,600 per month and Phillip, the manager, and $10,800 per month. Neither is paid extra for working overtime. Assuming the Social Security tax rate is 6% on the first $110,000 of earnings and the Medicare tax rate is 1.5% on all morning. The federal income tax withholding is 15% of gross earnings for clay is 20% for Philips. Both clay and Philip have been employed all year.

Required

Calculate the net pay for both clay and Phillip for March.

Calculate the net pay for both clay and Philip for December.

is the net pay the same in March and December for both employees? Why or why not?

what amount will Old Town report in the 2016 W-2s for each employee?