Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,
Posted: Thu May 19, 2022 3:38 pm
Portia Grant is an employee who is paid monthly. For the month
of January of the current year, she earned a total of $8,988. The
Federal Insurance Contributions Act (FICA) tax for social security
is 6.2% of the first $137,700 earned each calendar year and the
Federal Insurance Contributions Act (FICA) tax rate for Medicare is
1.45% of all earnings. The Federal Unemployment Taxes (FUTA) tax
rate of 0.6% and the State Unemployment Taxes (SUTA) tax rate of
5.4% are applied to the first $7,000 of an employee's pay. The
amount of federal income tax withheld from her earnings was
$1,491.37. What is the total amount of taxes withheld from the
Portia's earnings?
Multiple Choice
$1,977.00
$3,319.07
$2,178.96
$2,665.11
$1,672.12
number 41
of January of the current year, she earned a total of $8,988. The
Federal Insurance Contributions Act (FICA) tax for social security
is 6.2% of the first $137,700 earned each calendar year and the
Federal Insurance Contributions Act (FICA) tax rate for Medicare is
1.45% of all earnings. The Federal Unemployment Taxes (FUTA) tax
rate of 0.6% and the State Unemployment Taxes (SUTA) tax rate of
5.4% are applied to the first $7,000 of an employee's pay. The
amount of federal income tax withheld from her earnings was
$1,491.37. What is the total amount of taxes withheld from the
Portia's earnings?
Multiple Choice
$1,977.00
$3,319.07
$2,178.96
$2,665.11
$1,672.12
number 41