$18$

An employee earns $$6,150$ per month working for an employer. The Federal Insurance Contributions Act $($FICA$)$ tax rate for Social Security is $6\mathrm{.}2\%$ of the first $$137,700$ earned each calendar year and the Federal Insurance Contributions Act $($FICA$)$ tax rate for Medicare is $1\mathrm{.}45\%$ of all earnings. The current Federal Unemployment Taxes $($FUTA$)$ tax rate is $0\mathrm{.}6\%,$ and the State Unemployment Taxes $($SUTA$)$ tax rate is $5\mathrm{.}4\%.$ Both unemployment taxes are applied to the first $$7,000$ of an employee's pay. The employee has $$208$ in federal income taxes withheld. The employee has voluntary deductions for health insurance of $$176$ and contributes $$88$ 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

$$4,826\mathrm{.}22$

$$4,875\mathrm{.}42$

$$5,207\mathrm{.}52$

$$5,158\mathrm{.}32$

$$ $$5,296\mathrm{.}70$