11. An employee earned $61,600 during the year working for an employer. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% of the first $137,700 of employee earnings per calendar year, and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45% of all earnings. The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay? A) $101.50 B) $56.00 C) $378.00 D) $434.00 E) $0.00 12. Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a total of $8,538. Federal Insurance Contributions Act (FICA) tax for Social Security is 6.2% on the first $137,700 of earnings each calendar year and the Federal Insurance Contributions Act (FICA) tax for Medicare is 1.45% of all earnings. The Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The amount of Federal Income Tax withheld from his earnings was $1,416.67. What is the amount of the employer's payroll taxes expense for this employee? (Round your intermediate calculations to two decimal places.) A) $2.068.92 B) $1,165.44 C) $1,073.16 D) $2,582.11 E) $420.00 13. Belkin Company provides medical care and insurance benefits to its retirees. In the current year, Belkin agrees to contribute 5% of the employees' $400,000 gross salaries to a retirement program. What is the amount of employee benefits expense for the current period? A) $40 B) $160 C) $400 D) $20,000 E) $40,000