Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 37. X https://exto-ct X https://exto-c: X httpsexto- ex PointClicca Settings oployee Who Is Paid Monthly. F. Chegg.com ndex.html?_con=con&external_browser=0&launchUrlhttps%253A%252F%252Flearn.Oberty... Q access EDRS - Vi... PointClickCare

image text in transcribed
Question 37. X https://exto-ct X https://exto-c: X httpsexto- ex PointClicca Settings oployee Who Is Paid Monthly. F. Chegg.com ndex.html?_con=con&external_browser=0&launchUrlhttps%253A%252F%252Flearn.Oberty... Q access EDRS - Vi... PointClickCare Lo InSync Scribe Log in to Avality XC MatrixCare LPC Documents Cini& Tigertext -ccounting for Receivables, Long-Term Assets and Current L. 7 Portia Grant is an employee who is paid monthly. For the month of January of the current year she earned a total of $8.508. The Federal Insurance Contribution Act FICA security is 6.2% of the first $137,700 camned each calendar year and the Federal Insurance Contributions Act (PCA) tax rate for Medicare la 145% of all wings. The Federn Unemployment Taxes (FUTA) tax rate of 0.6% and the State Unemployment Taxes (SUTA) tax rate of 5.4% oplied to the first $7.000 an employee's pay the amount of fede income tax withheld from her earnings was $1.424 97. What is the total amount of taxes withheld from the Portia's earnings? (Round your intermediate calculations to the decimal places) 100 Multiple Choice Book 52.568:11 $1.889.00 1322207 OS 09.01 Question 37. X https://exto-ct X https://exto-c: X httpsexto- ex PointClicca Settings oployee Who Is Paid Monthly. F. Chegg.com ndex.html?_con=con&external_browser=0&launchUrlhttps%253A%252F%252Flearn.Oberty... Q access EDRS - Vi... PointClickCare Lo InSync Scribe Log in to Avality XC MatrixCare LPC Documents Cini& Tigertext -ccounting for Receivables, Long-Term Assets and Current L. 7 Portia Grant is an employee who is paid monthly. For the month of January of the current year she earned a total of $8.508. The Federal Insurance Contribution Act FICA security is 6.2% of the first $137,700 camned each calendar year and the Federal Insurance Contributions Act (PCA) tax rate for Medicare la 145% of all wings. The Federn Unemployment Taxes (FUTA) tax rate of 0.6% and the State Unemployment Taxes (SUTA) tax rate of 5.4% oplied to the first $7.000 an employee's pay the amount of fede income tax withheld from her earnings was $1.424 97. What is the total amount of taxes withheld from the Portia's earnings? (Round your intermediate calculations to the decimal places) 100 Multiple Choice Book 52.568:11 $1.889.00 1322207 OS 09.01

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

Petroleum Accounting Principles Procedures And Issues

Authors: Dennis Jennings, Joe Feiten, Horace Brock

5th Edition

0940966255, 978-0940966253

More Books

Students also viewed these Accounting questions

Question

What is a T-account? What is its purpose? Discuss.

Answered: 1 week ago

Question

2. Listen to family members, and solve problems with them.

Answered: 1 week ago