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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 8,838 .

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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 8,838 . The FICA tax for social security is 6.2% of the first $132,900 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 $1,466.47. Her net pay for the month is: Note: Round your intermediate calculations to two decimal places. Multiple Choice $6.823.57 $6.261.42 $6,695,42 55.639 .42 $7.586.59

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