Sky Company 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 $1\mathrm{.}5$ percent. Tom's federal income tax withholding

amount is $$920$ per month. Use $5\mathrm{.}4$ percent for the state unemployment tax rate and $0\mathrm{.}6$ 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 $$4,900$ per month Tom earned $$9,800$ 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 Company for January Year $1?$ February Year $1?$ March Year $1?$ December Year $1?$

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