83) The employer should record deductions from employee pay as: A) Employee receivables. B) Payrol taxes. C) Current liabilities. D) Wages payable. E) Employee payables. 84) An employee earned S37,000 during the year working for an employer when the maximum limit for Social Security was $118,500. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is: A) S2,294.00. B) S536.50. C) $2,830.50 D) $1,757.50 E) S8,950.50. Answer 85) 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? (Round your intermediate calculations to two decimal places.) A) $3,097.17 B) S2,443.21 C) S1,957.06 D) $1,722.00 E) S1,495.36