An employee earns $40 per hour and 1.5. times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the weeki. Assume that the FICA tax rate is 7,5\% and that federal income tax of $506 was withheld. Determine the grosi pay for the week. Determine the net pay for the week. Round intermediate calculations and your final answer to the nearest cent, if rounding is required