Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. portia grant is an employee who is paid monthly. f

Portia Grant is an employee who is paid monthly. For the month of January of...

70.2K

Verified Solution

Question

Accounting

Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,638. The FICA tax for social security is 6.2% of the first 127,200 earned each calendar year 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 $1,433.27. What is the total amount of taxes withheld from the Portia's earnings?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Based on the following information for XYZ Corporation, answer the each question (calculate for year 2018). Assume...

Finance
Q

“Quality begins with the design of a product in accordance with the customer specification further it involved...

General Management
Q

Select the correct answer from the drop-down menu.The two diagonals of an inscribed quadrilateral meet...

Basic Math
Q

Consider reordering the letters in the word TENNESSEE. Use the technique shown in Example 9.5.11...

Basic Math
Q

b A new sample of 83 adults is drawn Find the probability that more than...

Statistics
Q

Find the series representation of 8 x2 2 3 Use your answer to approximate 8...

Calculus
Q

The values of a and b for which the function2x+1, if x?1f(x) = ax +b...

Calculus
Q

Calculating EPS and Multiple Securities At the end of 2020, the records of Wolverine Corporation...

Accounting
Q

Pinested telitw in indernation redated to Concind Conpary Pinested telitw in indernation redated to Concind...

Accounting
Q

The following data are available for Selico fo the fiscal year ended on January 31,2020....

Accounting
Q

Bonita Inc. issued $2,280,000 of convertible 10-year bonds on July 1,2025. The bonds provide for...

Accounting
Q

C100 Sandy What where we beve has the scent Instructions you to the nearestado do...

Finance