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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 $9,088. The

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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 $9,088. The FICA tax for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The FUTA tax rate of 0.6% 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 $1,507.97. What is the total amount of taxes withheld from the Portia's earnings? (Round your intermediate calculations to two decimal places.) Multiple Choice 0 $2,203.21 O $2,63721 A company has a selling price of $1,700 each for its printers. Each printer has a 2 year warranty that covers replacement of defective parts. It is estimated that 2% of all printers sold will be returned under the warranty at an average cost of $148 each. During November, the company sold 28,000 printers, and 380 printers were serviced under the warranty at a total cost of $53,000. The balance in the Estimated Warranty Liability account at November 1 was $28,000. What is the company's warranty expense for the month of November? Multiple Choice 0 $56.240 $82 880 An employee earned $45,400 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: Multiple Choice O $6,946.20. 0 $3,473,10 56.287.90

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