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An employee eams $5,850 per month working for an employer. The Federal Insurance Contributions Act (FCCA) tax rate for Social Security is 6.2% of the

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An employee eams $5,850 per month working for an employer. The Federal Insurance Contributions Act (FCCA) tax rate for Social Security is 6.2% of the first $137700 earned each calendaryear and the Federal insurance Contributions Act (FCA) tax rate for Medicare is 1.45% of all earnings. The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rare is 5.4% Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $196 in federal income taxes with held. The employee has voluntary deductions for health insurance of $164 and contributes $82 to a retirement plan each month. What is the amount of net pay for the employee for the month of January? (Round your intermedlate calculatlons to two decimal pleces.) Multiole Chalce $4,960.47 $4.913.67 $4.644.57 $5,045.30 $4.59777

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