An employee receives an hourly rate of $15, with time and a half ($22.50) for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 44; federal income tax withheld, $120; cumulative earnings for the year prior to this week, $24,500; Social security tax rate, 6.2% on maximum of $117,000; and Medicare tax rate, 1.45% on all earnings; federal unemployment compensation tax,.8% on the first $7,000; state unemployment tax, 5.4% on the first $7,000. What is the gross pay for the employee? $660.00 $531.01 $690.00 $501.01