Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he earned a total of 4,538 The FICA tax for social security is 6.2% of the first 127,200 earned each calendar year, and the FICA tax rate for Medicare is 1.45% of all earnings for both the employee and the employer. The amount of federal income tax withheld from his earnings was 680.70 . His net pay for the month is: 4,538.00 3,510.14 3,162.98 3,857.30 4,190.84

To calculate Trey Morgan's net pay for the month of January, we need to determine the total deductions from his gross earnings. The deductions include FICA taxes for Social Security and Medicare, as well as federal income tax withholding.<br /><br />1. **Calculate the Social Security Tax:**<br /> \[<br /> \text{Social Security Tax} = 4,538 \times 0.062 = 281.36<br /> \]<br /><br />2. **Calculate the Medicare Tax:**<br /> \[<br /> \text{Medicare Tax} = 4,538 \times 0.0145 = 65.801<br /> \]<br /><br />3. **Total FICA Taxes:**<br /> \[<br /> \text{Total FICA Taxes} = 281.36 + 65.801 = 347.161<br /> \]<br /><br />4. **Federal Income Tax Withheld:**<br /> \[<br /> \text{Federal Income Tax Withheld} = 680.70<br /> \]<br /><br />5. **Total Deductions:**<br /> \[<br /> \text{Total Deductions} = 347.161 + 680.70 = 1,027.861<br /> \]<br /><br />6. **Net Pay Calculation:**<br /> \[<br /> \text{Net Pay} = 4,538 - 1,027.861 = 3,510.139<br /> \]<br /><br />Rounding to two decimal places, Trey's net pay for the month is approximately \( \$ 3,510.14 \).<br /><br />Therefore, the correct answer is:<br />\[<br />\$3,510.14<br />\]