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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, 888.
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 0.8% 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, 474.77. Her net pay for the month is: (Round your intermediate calculations to two decimal places.) $5, 091.23 $7, 284.35 $6, 299.29 $6, 733.29 $6, 566.00
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