An employee earns $6,100 per month working for an employer The FICA tax rate for Social Security is 6.2% 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 $206 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $174 and contributes $87 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 $5,117.55 $5,254.80 $4,788.15 $4,836.95 $5,166 35 Martin Company purchases a machine at the beginning of the year at a cost of $66,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 4 years with a $4,000 salvage value. Depreciation expense in year 4 is: Multiple Choice $15.500 $66.000. $62,000 $0 $16.500