MC Qu. 129 An employee earns.. An employee earns $5.500 per month working for an employer. The FICA tax rate for Social Security s 6.2% of the first smsoo eamed each cele dar 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 $182 In federal income taxes withheid. The employee has voluntany deductions for health insurance of $150 and contributes $75 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 $4,82700 $4,672.25 $4,628 25 MacBook Air