At the end of the first pay period of the year, Sofia earned $5,500 of salary. Withholdings from Sofia's salary include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $530 of federal income taxes, $190 of medical insurance deductions, and $40 of life insurance deductions. Compute Sofia's net pay for this first pay period. (Round your intermediate and final answers to 2 decimal places.) Gross pay FICA Social Security FICA Medicare Federal income taxes Medical insurance deduction Life Insurance deduction Total deductions 0.00 Net pay