An employee earns $5,500 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 of earnings each calendar year and the FICA tax rate for Medicare is 145% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. 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 575 to a retirement plan each month. What is the amount the employer should record as payroll taxes expense for the employee for the month of January? Multiple Choice $42075 546475 560275 $420.75 $46475 $602.75 $84150 $750.75