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Post Malone earns $6,150 per month working for an employer. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% of

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Post Malone earns $6,150 per month working for an employer. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% of the first $137,700 earned each calendar year and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45% of all earnings. The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $208 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $176 and contributes $88 to a retirement plan each month. What is the amount of net pay for Post Malone, the employee for the month of January? (Round your intermediate calculations to two decimal places.) Multiple Choice $5.207.52 55.15832 $4.875.42 $5,296.70 $4.826.22

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