Toren Inc. employs one person to run its solar management company. The employees gross income for the month of May is $5,766.

Payroll for the month of May is as follows:

• FICA Social Security tax rate at 6.2%
• FICA Medicare tax rate at 1.45%
• Federal income tax of $400
• State income tax of $75
• Health-care insurance premium of $437
• Union dues of $50
• The employee is responsible for covering 11% of his or her health insurance premium

What is the net pay of the one employee for the month of May? Round to the nearest penny, two decimals.