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7 0 1 : 0 5 : 5 7 Portia Grant is an employee who is paid monthly. For the month of January of the

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01:05:57
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 Federal Insurance Contributions Act (FICA) tax for social security is 6.2% of the first $137,700 earned each calendar year and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45% of all earnings. The Federal Unemployment Taxes (FUTA) tax rate of 0.6% and the State Unemployment Taxes (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 $1,408.37. What is the total amount of taxes withheld from the Portia's earnings? (Round your intermediate calculations to two decimal places.)
Multiple Choice
$1,581.87
$2,543.86
$1,867.00
$2,057.71
$3,197.82
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