QS 11-6 (Algo) Computing net pay LO P2 At the end of the first pay period of the year, Sofia earned $5,400 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 %, $528 of federal income taxes, $188 of medical insurance deductions, and $38 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 Net pay