Question: Saved Help Save & Exit Submit An employee earns $5,550 per month working for an employer. The FICA tax rate for Social Security is 6,2%

 Saved Help Save & Exit Submit An employee earns $5,550 per

Saved Help Save & Exit Submit An employee earns $5,550 per month working for an employer. The FICA tax rate for Social Security is 6,2% of the first $128.400 earned each calendar year and the FICA tax rate for Medicare is 145% 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 $184 in federal income taxes withheld. The employee has voluntary deductions for health insurance of 152 and contributes $76 to a retirement plan each month. What is the amount of net pay for the employee for the month of January? (Round your intermediate calculations to two decimal places.) Multiple Choice O 54,66902 $4,413.72 $4793.90

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