Question

61. 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% and the FICA tax rate for Medicare is 1.45%. The FUTA tax rate of 0.6% 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 $1,383.47. What is the total amount of taxes withheld from the Portia's earnings? (Round your intermediate calculations to two decimal places.)

61B) During the first week of January, an employee works 45 hours. For this company, workers earn 150% of their regular rate for hours in excess of 40 per week. Her pay rate is $30 per hour, and her wages are subject to no deductions other than FICA Social Security, FICA Medicare, and federal income taxes. The tax rate for Social Security is 6.2% of the first $118,500 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee’s pay. The employee has $95 in federal income taxes withheld. What is the amount of this employee’s gross pay for the first week of January?

Answer 1

61
Gross Pay	8,338.00
Social Security Tax(6.2%)	516.96
Medicare Tax(1.45%)	120.90
Income Tax Withheld	1,383.47
Total Taxes With Held	2,021.33

62
Total Hours	45
Normal Hour	40
Overtime Hour	5
Wage Rate-Normal	30.00
Wage Rate- Overtime	45.00
Normal Earnings(30*40)	1,200.00
Overtime Earnings(5*45)	225.00
Total Gross Pay	1,425.00