Portia Grant Is an Employee Who Is Paid Monthly

Multiple Choice

Portia Grant is an employee who is paid monthly.For the month of January of the current year,she earned a total of $8,260.The FICA tax for social security is 6.2% and the FICA tax rate for Medicare is 1.45%.The FUTA tax rate of .6% 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 $1,325.17.Her net pay for the month is:

A) $6,422.71
B) $6,246.94
C) $6,302.94.
D) $5,868.94
E) $6,422.71.