An employee earns $5,600 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 1.45% 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 $186 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $154 and contributes $77 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 $428.40 $472.40 $616.40 $855.15 $764.40 An employee earns $6,250 per month working for an employer. The FICA 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 1.45% 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 $212 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $180 and contributes $90 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.) Multiple Choice $4,902.37 $5,289.87 $5,380.50 $5,239.87 $4,952.37 Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,488. The FICA tax for social security is 6.2% of the first $128,400 of employee earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,408.37. Her net pay for the month is: (Round your intermediate calculations to two decimal places.) Multiple Choice $5,157.63 $5,996.29 $6,956.55 $6,566.00 $6,430.29