Sky Co. employed Tom Mills in Year 1. Tom earned $4,900 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 $930 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 Co. for January Year 1? February Year 1? March Year 1? December Year 1?

b.Assume that instead of $4,900 per month Tom earned $9,700 per month. 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 Co. for January Year 1? February Year 1? March Year 1? December Year 1?

Sky Co. employed Tom Mills in Year 1. Tom earned $4,900 per month and worked the entire year. Assume the Social Security tax rate is 6 percent for the rst $110,000 of earnings. and the Medicare tax rate is 1.5 percent Tom's federal income tax withholding amount is $930 per month. Use 5.4 percent for the state unemployment tax rate and 0.6 percent for the federal unemployment tax rate on the rst $7.000 of earnings per employee. Requlred a. Answer the following questions: 1. What is Tom's net pay per month? 2. What amount does Torn pay monthly in FICA payroll taxes? 3. What is the total payroll tax expense for Sky Co. for January Year 1? February Year 1? March Year 1? December Year 1'? b. Assume that instead of $4.900 per month Tom earned $9300 per month. Answer the following questions. 1. What is Tom's net pay per month? 2. What amount does Torn pay monthly in FICA payroll taxes? 3. What is the total payroll tax expense for Sky Co. for January Year 1? February Year 1? March Year 'I? December Year 1'? 9 Answer Is complete but not entirely oorrect. Complete this question by entering your answers In the tabs below. Required A] Required A2 Required A3 Required 31 Required 32 Required 33 What Is Tom's net pay per month? {Round your answer to 2 decimal places.) s .,..._.. Sky Co. employed Tom Mills in Year 1. Tom earned $4,900 per month and worked the entire year. Assume the Social Security tax rate is 6 percent for the first $110,000 of ea rnings. and the Medicare tax rate is 1.5 percent Tom's federal income tax withholding amount is $930 per month. Use 5.4 percent for the state unemployment tax rate and 0.6 percent for the federal unemployment tax rate on the rst $7,000 of earnings per employee. Required e. Answer the following questions: 1. What is Tom's net pay per month? 2. What amount does Torn pay monthly in FICA payroll taxes? 3. What is the total payroll tax expense for Sky Co. for January Year 1? February Year 1? March Year 1? December Year 1'? b. Assume that instead of $4.900 per month Tom earned $9.700 per month. 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 Co. for January Year 1? February Year 1? March Year 1? December Year 1'? 9 Answer Is complete but not entirely oorreot. Complete thle question by entering your amen In the tabs below. Required A2 Required A3 Required Bl Required 52 Required 53 What amount does Tom payr monthly In FICA payroll taxes? (Round your answer to 2 decimal places.) 5 351509 Sky Co. employed Tom Mills in Year 1. Tom earned $4,900 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 $930 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 Co. for January Year 1? February Year 1? March Year 1? December Year 1? b. Assume that instead of $4,900 per month Tom earned $9,700 per month. 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 Co. for January Year 1? February Year 1? March Year 1? December Year 1? x Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required A3 Required B1 Required B2 Required B3 What is the total payroll tax expense for Sky Co. for January Year 1? February Year 1? March Year 1? December Year 1? ( Round your answers to 2 decimal places.) Total Employer Payroll Tax January 661.50 February 493.50 March 367.50 December 367.50Sky Co. employed Tom Mills in Year 1. Tom earned $4,900 per month and worked the entire year. Assume the Social Security tax rate is 6 percent for the first $110,000 of ea rhings. and the Medicare tax rate is 1.5 percent Tom's federal income tax withholding amount is $930 per month. Use 5.4 percent for the state unemployment tax rate and 0.6 percent for the federal unemployment tax rate on the rst $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 Co. for January Year 1? February Year 1? March Year 1? December Year 1'? b. Assume that instead of $4.900 per month Tom earned $9.700 per month. 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 ta): expense for Sky Co. for January Year 1? February Year 1? March Year 1? December Year 1'? 9 Answer Is complete but not entirely correct. Complete this question by entJerIng your answers In the tabs below. Required A1 Required A2 Required A3 Required Bl Required 32 Required 33 Assume that instead of $4,900 per month Torn earned $9,700 per month. What Is Tom's net pat]? (Round your answers to 2 decimal places.) January to November (per month) $ ?,?55.00 a December 5 7,923.00 9 4. Required A3 Required B7. .5 Sky Co. employed Tom Mills in Year 1. Tom earned $4.900 per month and worked the entire year. Assume the Social Security tax rate is 6 percent for the rst $110,000 of ea rnings. and the Medicare tax rate is 1.5 percent Tom's federal income tax withholding amount is $930 per month. Use 5.4 percent for the state unemployment tax rate and 0.6 percent for the federal unemployment tax rate on the rst $7,000 of earnings per employee. Required e. 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 Co. for January Year 1? February Year 1? March Year 1? December Year 1'? b. Assume that instead of $4.900 per month Tom earned $9.700 per month. Answer the following questions. 1. What is Tom's net pay per month? 2. What amount does Torn pay monthly in FICA payroll taxes? 3. What is the total payroll tax expense for Sky Co. for January Year 1? February Year 1? March Year 1? December Year 1'? | 9 Answer Is complete but not entlrdy correct. Complete thle question by entering your amen: In the tabs below. Required A3 Required 31 Required 32 Required 33 Required A] ' Required A2 Assume that instead of $4,900 per month Torn earned $9,700 per month. What amount does Torn pay monthly In FICA payroll taxes? {Round your answers to 2 decimal places.) January to November (per month) $ ?05.00 a December $ 53?.00 a Sky Co. employed Tom Mills in Year 1. Tom earned $4,900 per month and worked the entire year. Assume the Social Security tax rate is 6 percent for the rst $110,000 of ea rnings. and the Medicare tax rate is 1.5 percent Tom's federal income tax withholding amount is $930 per month. Use 5.4 percent for the state unemployment tax rate and 0.6 percent for the federal unemployment tax rate on the rst $7,000 of earnings per employee. Requlred 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 Co. for January Year 1? February Year 1? March Year 1? December Year 1'? b. Assume that instead of $4.900 per month Tom earned $9.700 per month. 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 Co. for January Year 1? February Year 1? March Year 1? December Year 1'? 9 Answer Is complete but not entirely correct. Complete thls question by entering your amen: In the tabs below. Required A] Required A2 Required A3 Required Bl Required 32 Required 33 Assume that instead of $4,900 per month Torn earned $9300 per month. what Is the total payroll tax expense for Sky Co. for January Year 1? Feanary Year 1? March Year 1? Deoember Year 1? (Round your answers to 2 decimal places.) January :5 1,125.00 9 Feanary 5 705.00 9 March 5 705.00 a December 5 537.00 a