Trey Morgan Is an Employee Who Is Paid Monthly

Multiple Choice

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 $127,200 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.His net pay for the month is:

A) $3,510.14
B) $3,857.30
C) $4,190.84
D) $4,538.00
E) $3,162.98