Portia Grant is an employee who is paid monthly For the month of January of the current year, she earned a total of $8,2 The Federal Insurance Contributions Act (FICA) tax for social security is 6.2% of the first $137700 earned each calendar y and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 145% of all earnings The Federal Unemployment Taxes (FUTA) tax rate of 06% and the State Unemployment Taxes (SUTA) tax rate of 5.4% are applied to t first $7,000 of an employee's pay The amount of federal income tax withheld from her earnings was $1,32517 What is th total amount of taxes withheld from the Portia's earnings? (Round your intermediate calculations to two decimal places

Q: Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12. His pay rate is…

A: Compute the net pay.

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A: 1. Compute Chin's regular pay, overtime pay, gross pay, and net pay.

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A: Formula to calculate  employee's annual FICA taxes amount:Employee's annual FICA taxes = Employee…

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A: Formula: Net pay = Gross pay - All deductions.

Q: Todd Hackworth’s weekly gross earnings for the week ending December 18 were $2,000, and his federal…

A: Net pay = Gross pay - Federal income tax withheld - Social security tax withheld - Medicare tax…

Q: cial security is 6.2% of the first $128,400 of employee earnings each calendar year and the FICA tax…

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Q: The following date for Presco Inc. relate to the payroll for the week ended February 9: Employee…

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A: Formula: FICA tax amount = Social security tax + Medicare tax amount

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A: Payroll taxes are taxes that are paid by employer and employee on the amount of salaries paid to…

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A: Payroll accounting is one of accounting system which is used by business entities to record the…

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Q: Baker Green's weekly gross earnings for the week ending December 7 were $1,800, and her federal…

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A: Step 1 The unemployment taxes (FUTA) of $42 is obtained by multiplying the earnings of $7,000 with…

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Q: The employees of Agonnacultis Inc. are paid on a semimonthly basis. Required: Compute the FICA taxes…

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A: