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Business, 06.05.2020 05:26 ortegamagellynt

Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,888. The FICA tax for social security is 6.2% of the first $128,400 of employee earnings 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 $1,474.77. Her net pay for the month is:

a. $7161.43
b. $6185.67
c. $6,566.00
d $6.61967
e. $5116.13

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Portia Grant is an employee who is paid monthly. For the month of January of the current year, she e...
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