2. The current FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned $8,000 in January. What is the amount of Federal unemployment taxes the employer must pay on this employee's wages for the month of January? A) Zero, since the employee's wages exceed the maximum of $7,000. B) $434. C) $64. D) $56. On November 1 2018 Fin Company signed a SS 000 90 day6% interest due on January 30 of the following year te payable with the principal plus 3. At December 31, the adusting entry would include a A) Credit to cash for $50 B) Debit to interest payable for $50 C) Credit to interest payable for $50 D) Credit to interest expense for $50