Dear Student;1)The net ionic equation is:
Cu+2(aq) + Fe(s) --> Fe+2(aq) + Cu(s)
Any spectator ions are canceled out in a net ionic equation - those that do not take part in the reaction. In this case the sulfate ion (SO4-2). It is common on both sides of the reaction to balance the charge and plays no role other than to form ionic compounds with the Cu+2 and Fe+2 ions.
2)
Overall reaction: {Fe + CuSO4 → FeSO4 + Cu
Oxidation of iron: {Fe → Fe2+ + 2 e-
Reduction of copper: {Cu2+ + 2 e- → Cu
SO4 2- is a “spectator ion”
Electrons released by iron are taken up by copper: a “redox couple”
Regards