Amount of taxes withheld from the phoenix earnings


Phildell Phoenix is paid monthly. For the month of January of the current year, he earned a total of $8,288. The FICA tax rate for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The amount of Federal Income Tax withheld from his earnings was $1,375.17. What is the total amount of taxes withheld from the Phoenix's earnings?

a. $3,097.17

b. $2,443.21

c. $2,009.21

d. $1,722.00

e. $1,495.36

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Accounting Basics: Amount of taxes withheld from the phoenix earnings
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