Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,488. The FICA tax for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The FUTA tax rate of 0.6% and the 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 $1,325.17. What is the total amount of taxes withheld from the Portia's earnings?
A) $3,097.17.
B) $2,443.21.
C )$1,957.06.
D) $1,722.00.
E) $1,495.36.
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 09:00, aubreyfoster
What should a food worker use to retrieve ice from an ice machine?
Answers: 1
Business, 22.06.2019 21:20, isabelvaldez123
Which of the following best describes vertical integration? a. produce goods or services previously purchasedb. develop the ability to produce products that complement the original productc. develop the ability to produce the specified good more efficiently than befored. build long term partnerships with a few supplierse. sell products to a supplier or a distributor
Answers: 2
Business, 22.06.2019 21:50, Chloe0095
Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.
Answers: 3
You know the right answer?
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she e...
Questions in other subjects:
Advanced Placement (AP), 07.07.2019 23:00
Advanced Placement (AP), 07.07.2019 23:00
Social Studies, 07.07.2019 23:00
English, 07.07.2019 23:00
