Question: Help Save & Exit Submit Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned
Help Save & Exit Submit Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,338 The FICA tax for social security is 6.2% of the first $128,400 of employee earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 54% are applied to the first $7000 of an employee's pay The amount of federal income tax withheld from her earnings was $1383.47. Her net pay for the month is (Round your intermediate calculations to two decimal places.)
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