Employee Net Pay Colin Inverness's weekly gross earnings for the week ending March 9 were $2,060, and her federal income tax withholding was $370.80. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Inverness's net pay? If required, round your answer to two decimal places. Feedback Check My Work Net pay is the gross earnings minus payroll deductions. The amount of Medicare and social security withheld is based on an employee's gross earnings