Sky Co. employed Tom Mills in 2016. Tom 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 .6 percent for the federal unemployment tax rate on the first $7,000 of earnings per employee.

Sky Co. employed Tom Mills in 2016. Tom 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. Tom's federal income tax withholding amount is $900 per month. Use 5.4 percent for the state per employee. Required: a. Answer the following questions. (Round your answers to 2 decimal places.) 1. What is Tom's net pay per month? Tom's net pay3,511.50 per month