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Use the following information to answer questions 5 through 4. Sandy, Inc. has total payroll...

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Accounting

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Use the following information to answer questions 5 through 4. Sandy, Inc. has total payroll for the month of December of $260,000. Of that amount, $6,000 is NOT subject to the the FICA (Social Secuity) tax. Federal income tax withholdings are 18%, state income tax withholdings are 4.5%, the Social Security tax rate is 6.2% the Medicare tax rate is 1.45%, 2) What amount does Sandy withhold only for the FICA tax? 3) After all of the withholdings, what will be the net paycheck for the employees? (How much cash will the employees receive? - your answer is an exact dollar amount) 4) How much will Sandy, Inc. have to pay to the Social Security system out of her pocket? In other words, Sandy will send all the dollars to the state that she withheld from the employees' paychecks, but then she will also have to pay some additional money out of her own pocket, how much will that be

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