Morgan is an employee of Redwind Company. He earned $12,350 for the current month. Prior to the current payroll period, his year-to-date wages amounted to $131,200. Assume that the following tax rates are currently in effect. 7 FICA Tax OASDI Medicare Federal Income Tax Withholding Net pay (take-home pay): Rate X 6.2% 1.45% 25% Required: Compute Morgan's take-home pay (net pay) for the month. Note: Round your answer to the nearest cent. Ceiling $0 $128,400 No ceiling BEE K

Morgan is an emplovec of Redwnd Cempany. He eamed 512,350 for the current month. Prior to the current payrolt peribd, his year-to-date wages ambunted to. 5171,200 . Assurne that the following tax rates are curtently in effect. fequiredit Compute Morgan's take-home pay (oet ovy) for the month, Notez Round your answer to the nearest cent