7 Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $93,000. The machine's useful life is estimated to be 20 years, or 390,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 15,600 units of product. Determine the machines' second year depreciation under the units-of-production method. (Do not round intermediate calculations.) $4,650. $5,000. $3,720. $4,300. $3,440. QUESTION 11 An employee earned $4,600 in February working for an employer. Cumulative earnings of the previous pay periods are $4,800. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% of the first $137,700 of earnings each 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 the employer should record as payroll taxes expense for the month of February? $483.90 $351.90 $230.00 $110.00 $581.90