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MC Qu. 86 Portia Grant is an employee.... Portia Grant is an employee who is paid monthly. For the month of January of the current
MC Qu. 86 Portia Grant is an employee.... Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,338. The FICA tax for social security is 6.2% of the first $118,500 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 $1,383.47. Her net pay for the month is: (Round your intermediate calculations to two decimal places.) points Skipped Multiple Choice eBook 0 $5,882.67 References 0 $6,566.00 0 $6,833.63 0 $6,316.67 0 $5,182.53
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