An employee earns $40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 60 hours during the week. Assume that the social security tax rate is 6.0%, the Medicare tax rate is 1.5%, and the employee's federal income tax withheld is $644. a. Determine the gross pay for the week. \$ x b. Determine the employee's net pay for the week. When required round Interim computations to two decimal places. Round your final answer to two decimal places. $x Feedback Y Check My Work Gross pay represents the total earnings of an employee for a specific pay period, prior to taxes and deductions. Net pay is also known as take-home pay