An employee earns $5,650 per month working for an employer. The FICA tax rate for Social Security is 62% of the first $118,500 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 $188 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $156 and contributes $78 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.) oints 02 1104 Multiple Choice $479577 4,87770 $4490 67 $4750 57 $4.44547 Prex8of 44Next