Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,260. The FICA tax for social security is 6.2% of the first $118,500 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 $1,325.17. 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

Question

Quizplus · Accepted Answer

The total taxes withheld include Social Security ($512.12), Medicare ($119.77), FUTA ($42.00), SUTA ($378.00), and federal income tax ($1,325.17), totaling $1,957.06.

Portia Grant Is an Employee Who Is Paid Monthly