1/ Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,538. 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 $1,416.67. What is the total amount of taxes withheld from the Portia's earnings? (Round your intermediate calculations to two decimal places.) Multiple Choice $2,069.83 $1,972.00 $3,388.67 $2,503.83 $1,540.47

2/An employee earns $6,400 per month working for an employer. The FICA tax rate 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 current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $218 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $186 and contributes $93 to a retirement plan each month. What is the amount of net pay for the employee for the month of January? (Round your intermediate calculations to two decimal places.)

Multiple Choice

$5,413.40

$5,506.20

$5,067.80

$5,016.60

$5,362.20