Sky Company employed Tom Mills In Year 1. Tom carned $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 15 percent. Tom's federal income tax withholding amount is $900 per month. Use 5.4 percent for the state unemployment tax rate and 0.06 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 17 February Year 17 March Year 17 December Year 1? b. Assume that instead of $5,100 per month Tom earned $9,600 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 17 February Year 17 March Year 17 December Year 12 Check my work mode : This shows what is correct or incorrect for the work you have completed so far 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 12 March Year 1 b. Assume that instead of $5,100 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 FICA payroll taxes? (3) What is the total payroll tax expense for Sk mpany for January Year 17 February Year 12 March Year 19 Answer is not complete. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Reg A3 Req B1 Req B2 Reg B3 Assume that instead of $5,100 per month Tom earned $9,600 per month. What is Tom's net pay per month? January to November (per month) December Net Pay $7.980 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 12 February Year 1? b. Assume that instead of $5,100 per month Tom earned $9,600 per month. Answer the following (1) What is Tom's net pay per month? (2) What amount does Tom pay monthly in Finayroll taxes? (3) What is the total payroll tax expense for company for January Year 12 February Year 1? Answer is not complete. Complete this question by entering your answers in the tabs below. keq B2 Req A1 Req A2 Req A3 Req B1 Req B3 Assume that instead of $5,100 per month Tom earned $9,600 per month. What amount does Tom pay taxes? FICA Payroll Tax January to November (per month) December Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Req A3 Reg B1 Req B2 Reg 13 Assume that instead of $5,100 per month Tom earned $9,600 per month. What is the total payroll tax expense for Sky Company for January Year 17 February Year 1? March Year 17 December Year 17 Total Employer Payroll Tax January February March December
