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.What is the total amount of taxes withheld from the Trey's earnings?

A) $1,375.02
B) $746.50
C) $962.06
D) $1,027.86
E) $680.70