Question 34 An employee earns $5,500 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128.700 of earnings each calendar year and the FICA tax rate for Medicare is 145% of all earnings. The current FUTA tax rate 100%, 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 1182 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $150 and contributes 575 to a retirement plan each month What is the amount the employer should record as payroll taxes expense for the employee for the month of January? $841.50 O $750.75 $602.75 $420.75 $464.75