Question
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,888. The
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,888. 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 $1,474.77. What is the total amount of taxes withheld from the Portia's earnings? (Round your intermediate calculations to two decimal places.)
a. $2,154.71
b. $2588.71
c. $1,603.65
d. $3796.77
e. $2,322.00
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