The amount of federal income tax withheld from her earnings


Problem

Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,838. The FICA tax for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The FUTA tax rate of 0.8% 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 $1,466.47. What is the total amount of taxes withheld from the Portia's earnings?

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Accounting Basics: The amount of federal income tax withheld from her earnings
Reference No:- TGS02753908

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