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Sky Company employed Tom Mills in Year 1 Tom earned $5,800 per month and worked the entice year. Assume the Social Security tax rate is

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Sky Company employed Tom Mills in Year 1 Tom earned $5,800 per month and worked the entice 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 $860 per month. Use 54 percent for the state unemployment tox rate and 06 percent for the federal unemployment tox rate on the first $7.000 of earnings per enployee Required 0. Answer the following questions. (1) Whit is Tom's net pay per month? (2) What amoum does Tom pay monthly in FiCA payrol taxes? (3) What is the total payroll tax expense for Sky Company for January Year 1? February Year 1P March Year 1? December Year 1? b. Assume that instead of $5,800 per month Tom eamed 59,500 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 Sky Company for January Year 1? February Year 1? March Year 1? December Year 1 ? Complete this question try entering your answers in the tabs below. What is the total payroll tax expense for Siky Company for Jamady Year if February Year in March Year in December Year 17 (Round your answers to 2 decimul places.)

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