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Diane Lane earns a salary of $10,750 per month during the year. FICA taxes are 7.65% on the first $127,200 of gross earnings and

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Diane Lane earns a salary of $10,750 per month during the year. FICA taxes are 7.65% on the first $127,200 of gross earnings and 1.45% in excess of $127,200. Federal unemployment insurance taxes are 6.2% of the first $7,000; however, a credit is allowed equal to the state unemployment insurance taxes of 5.4% on the $7,000. During the year, $32,300 was withheld for federal income taxes and $6,700 was withheld for state income taxes.

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