Monica has a yearly salary of $29,700. Her employer withholds $2948 in state and federal taxes and $2573 in FICA taxes throughout the year. She has the following monthly costs: transportation is $140, cell phone bill is $65, student loans require $300 in repayment, and rent is $675. She is using the average monthly costs for each of the following in order to gain an idea of other monthly expenses: utilities are $130, internet is $55, health insurance is $278, and groceries are $220. What is Monica’s monthly net pay amount? Round your answer to the nearest cent, if necessary.
