GT o Morgan is an empir × Y, G https://newconnect.mheducation.com/flow/connect.h
ID: 2592793 • Letter: G
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GT o Morgan is an empir × Y, G https://newconnect.mheducation.com/flow/connect.html -Chapters 8,9,126 MC Qu. 89 Trey Morgan is an employee wh... Help Save&E; Trey Morgan is an employee who is paid monthly For the month of January of the current year, he earned a total of $4538 earned each calendar year, and the RCA tax rate for Medicare is 1 45%of all earnir stor both the emplo ee and the emek yer mea on rte rane meta en tunis earnings was $68070. Whot is the total amount of taxes withheld from the Trey's earnings? The FRICA tax for social securty Is 6.2% of the first $18,500 Multiple Choice $137502 746 50 $962.06 102786 $68070Explanation / Answer
Ans D. 1027.86
Total Taxes = Federal Income Tax + FICA-SS Tax + FICA-Medicare Tax
Ans D. 1027.86
Total Taxes = Federal Income Tax + FICA-SS Tax + FICA-Medicare Tax
Total Taxes = 680.70+281.36+65.80 = 1027.86 *FICA-SS Tax $4,538.00 * 0.062 = $281.36**FICA-Medicare Tax $4,538.00 * 0.0145 = $65.80
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