An Employee earns $5,500 per month working for an employer. The Federal Insurance Contributions Act (FICA) tax rate is 6.2% of the first $137,700 of earnings each calendar year, and the Federal Insurance Contribution Act (FICA) 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 rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The 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 the employer should record as payroll taxes expense for the employee for the month of January?

A. $420.75

B. $464.75

C. $602.75

D. $841.50

E. $750.75