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Portia Grant is an employee who is paid monthly. For the month of January of...

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Accounting

Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,638. The FICA tax for social security is 6.2% of the first $132,900 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. 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 $1,433.27. What is the total amount of taxes withheld from the Portia's earnings? (Round your intermediate calculations to two decimal places.)

Multiple Choice

  • $1,608.94

  • $1,900.00

  • $3,234.19

  • $2,094.08

  • $2,580.23

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