Toren Inc. employs one person to run its solar management company. The employees gross income for the month of May is $5,350. 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 $393 Union dues of $50 The employee is responsible for covering 12% 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