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it View History Bookmarks Window Help 13% D Thu 9:45 PM a Saved Help Save& Exit Submit Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $9,288. 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 $1,54117. What is the total amount of taxes withheld from the Portia\'s earnings? (Round your intermediate calculations to two decimal places.) Multiple Choice $4,263.17 $2,722.00 $2.25171

Solution

Social security tax 575.86 =9288*6.2% Medicare tax 134.68 =9288*1.45% Federal income tax 1541.17 Total taxes withheld 2251.71 Option 3 is correct