Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Portia Grant is an employee who is paid monthly For the month of January of the current year, she earned 10 of 58838. The HCA

image text in transcribed
Portia Grant is an employee who is paid monthly For the month of January of the current year, she earned 10 of 58838. The HCA tax for social security is 6.2% of the first $128.400 earned each calendar year and the ICA tax rate for Medicare is 145% of all coming The FUTA te of 0.8% and the SUTA tax rate of 5,4% are applied to the first 57000 of an employee's pay The amount of federal income tax withheld from her earnings was $146647. What is the total amount of taxes withheld from the Portie's earrings? (Round your intermediate calculations to we decimal places)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Connect For Financial Accounting

Authors: Author

6th Edition

1264140304, 9781264140305

More Books

Students also viewed these Accounting questions

Question

Why are employees considering union representation?

Answered: 1 week ago

Question

What is the total annual turnover rate?

Answered: 1 week ago