5-2A LO 3, 4 See Example 5-8 on page 5-15 SHOW ME HOW Peyton Companys payroll for the year is $737,910. Of this amount, $472,120 is for wages paid in excess of $7,000 to each individual employee. The SUTA rate in Peyton Companys state is 2.9% on the first $7,000 of each employees earnings. Compute: a. Net FUTA tax.................................................................. $ b. Net SUTA tax.................................................................. $ c. Total unemployment taxes .............................................. $