OneLogin My Degree Progres: X Data Window ACCT 2301 0832- X Question 8-Home X Chegg.com x Q Fundamental Man: X Project proposal (NCTC Financial Aix Mail-Jai Knox-Ou x + ex ezto.mheducation.com/ext/map/index.html?_con-con&external browser-0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FlmsCloseWindow.htm#/activity/question-group/kEZASs@KEPtyEnBaOxqLAQIH.. " Word Mail-Jal Knox-Ou.. OncLogin Canvas Free quadratic func. ASTR 1403 ENG Homework Chapter 9 Reading list Saved Help Save & Exit Submit 8 2 points Sky Co. employed Tom Mills in Year 1. Tom earned $5,300 per month and worked the entire year. Assume the Social Security tax rate is 6 percent for the first $130,000 of earnings, and the Medicare tax rate is 1.5 percent. Tom's federal income tax withholding amount is $890 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 carnings 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 taxes? eBook Hint Print 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 $5,300 per month Tom eamed $11,300 per month. Based on this new level of income Tom's new federal income tax withholding is $1,800. Answer the following questions. 1. What is Tom's not 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? References Mc Graw Hill Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required A3 Required B1 Required 82 Required 83 Assume that instead of $5,300 per month Tom carned $11,300 per month. Based on this new level of Income Tom's new federal income tax withholding is $1,800. What is Tom's net pay? (Round your answers to 2 decimal places.) January to November (per month) Net Pay December < Prev 8 of 10 Next > Check my work 1:49