An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the first week of the calendar year are as follows; hours worked, 46; federal income tax withheld, $110; Social security tax rate, 6% and Medicare tax rate, 1.5%; state unemployment compensation tax, 3.4% on the first $7,000; federal unemployment compensation tax, 0.8% on the first $7,000, What is the net amount to be paid to the employee? if required, round your answers to the nearest cent.
o $625.00
o $569.87
o 539.00
o $544.88