Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he earned a total of $4,538. The FICA tax for social security is 6.2% of the first $128,400 earned each calendar year, and the FICA tax rate for Medicare is 1.45% of all earnings for both the employee and the employer. The amount of federal income tax withheld from his earnings was $680.70. What is the total amount of taxes withheld from the Trey's earnings?
A. $1,027.86
B. $1,375.02
C. $680.70
D. $962.06
E. $746.50
Answer: A
You might also like to view...
A correlation of _____ between output growth in two regions would mean that output in the two regions are inversely related.
A. 0 B. 1 C. 100 D. less than 0
The organizations doing business using technology-based applications have been labeled electronic commerce.
Answer the following statement true (T) or false (F)
FREAK is an example of a software vulnerability.
Answer the following statement true (T) or false (F)
When testing for the differences between two percentages, the formula subtracts the differences between the two percentages and divides this difference by the standard error of the difference between two:
A) groups B) averages C) differences D) percentages E) people