An employee earns $5,500 per month working for an employer The HCA 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 06%, and the SUTA tax rate is 54% Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $182 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $150 and contributes $75 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.) 30 Multiple Choice 540700 54672.25 54,628 25 $4,82700 $4,672.25 $4,628.25 $4,386 25 $4,430.25