Sky Company employed Tom Mills in Year 1. 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 $910 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 FCA 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 $5,100 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 payioll taxes? (3) What is the total payroll tax expense for Sky Company for January Year 1 ? Februery Year 1 March Year 1? December Year 1 ? Complete this question by entering your answers in the tabs below. What is Tom's net pay per month? (Round your answer to 2 decmal places.) Sky Company employed Tom Mills in Year 1. 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 eamings, and the Medicare tax rate is 1.5 percent. Tom's federal income tax withhoiding amount is $910 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 0. 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 $5,100 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 Siky Company for January Year 1 Februaty Year 1 March Year 1 ? December Year 1 ? Complete this question by entering your answers in the tabs below. What amount does Tom pay monthly in FICA payroll taxes? (Round your answer to 2 decimal places)) Required 0. 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 $5,100 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 Company for January Year 1? February Year 1? March Year 1? December Year 1 ? Complete this question by entering your answers in the tabs below. What is the total payroll tax expense for Sky Company for 3 anvary Year 17 February year 17 March year 17 December Year i? (Round your answers to 2 decimal places ) 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 F February Year 1 ? March Year 1 ? December Year 1 ? b. Assume that instead of $5,100 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 Company for January Year 1? February Year 1? March Year 1 ? December Year 1 ? Complete this question by entering your answers in the tabs below. Assume that instead of $5,100 per month Tom earned $9,700 per month. What is Tom's net pay? (Round your answers to 2 decimal places.) 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 $5,100 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 Company for January Year 1 ? February Year 1 March Year 1 December Year 1 ? Complete this question by entering your answers in the tabs below. Assume that instead of $5,100 per month Tom earned $9,700 per month. What amount does Tom pay monthly in FICA payroll taxes? (Round your answers to 2 decimal placesi) Required o. 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 $5.100 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 Company for January Year 1? February Year 1? March Year 1 ? December Year 1 ? Complete this question by entering your answers in the tabs below. Assume that instead of $5,100 per month Tom earned $9,700 per month. What is the total payroll tax expense for 5ky. Assume that instead of 55,100 per month Tom earned 59,70 per monts. Company for January Year 17 February vear 17 March Year 17 December Year 1 ? (Round your answers to 2 decimal places.)
