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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
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 0.8% 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. Her net pay for the month is: (Round your intermediate calculations to two decimal places.) |
$5,149.33
$6,997.53
$6,034.17
$6,468.17
$6,566.00
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