please complete B1 B2 B3

Exercise 9-11A (Algo) Calculating employee and employer payroll taxes LO 9-5 Sky Company employed Tom Mills in Year 1. Tom earned \$5,200 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 $880 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 eamings 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? 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 $5,200 per month Tom earned $11,200 per month. Based on this new level of income Tom's new federal income tax withholding is $2,000. 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 $5,200 per month Tom earned $11,200 per month. Based on this new level of income Tom's new federal income tax withholding is $2,000. What is Tom's net pay? Note: Round your answers to 2 decimal places. Assume that instead of $5,200 per month Tom earned $11,200 per month. Based on this new level of income Tom's new federal income tax withholding is $2,000. What amount does Tom pay monthly in FICA payroll taxes? Note: Round your answers to 2 decimal places. Assume that instead of $5,200 per month Tom earned $11,200 per month. Based on this new level of income Tom's new federal income tax withholding is $2,000. What is the total payroll tax expense for Sky Company for January, Year 1 ? February, Year 1 ? March, Year 1? December, Year 1? Note: Round your answers to 2 decimal places