Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he earned a total of $4,740. The Federal Insurance Contributions Act (FICA) tax for social security is 6.2% of the first $137.700 earned each calendar year, and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45% of all earnings for both the employee and the employer. The amount of federal income tax withheld from his earnings was $700.70. What is the total amount of taxes withheld from the Treys earnings? Multiple Choice $1,425.62 $769.40 $994.46 $1,063.31 $700.70