Help Seve& Exit Su Portia Grant s an emdloye who s aid mony For the month of Jan

Question

Help Seve& Exit Su Portia Grant s an emdloye who s aid mony For the month of January of the curent year she carned a total of 8,638 The FICA tax for 3 social security is 62% ofthe fest St18,500 of employee earnings each calendar year and the FICA tax rate for Medicare is 145% of all earnings The FUTA tax rate of 06% and the SUTA tax rate of 54% are applied to the first$7000 of an employee's pay The amount of ederal income tax withheld from her earnings was $1433 27 Her net pay for the month is: (Round your intermediate cale decimal places Mutiple Choice 7079 48 5533273 Gateway 56l 6 0 31

Explanation / Answer

correct option is "C" -6566   [approx to 6543.92]

Gross pay 8638 less: social security [8638*6.2%] 535.56 medicare [8638*1.45%] 125.25 federal taxes witheld 1433.27 (2094.08) 6543.92

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